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Blocking Fuel Credits for Electric Vehicle Manufacturers in Renewable Program

This law prevents electric vehicle manufacturers from earning special credits (eRINs) for using renewable electricity to power their vehicles under the federal Renewable Fuel Program. This action stops a proposed expansion of the credit system, ensuring that EV makers cannot generate revenue by selling these credits. The goal is to maintain the current structure of renewable fuel incentives.
Key points
Electric vehicle manufacturers (OEMs) are prohibited from generating, using, or selling renewable electricity credits (eRINs) within the federal Renewable Fuel Standard program.
The law mandates the Environmental Protection Agency (EPA) to withdraw its proposal that would have allowed EV manufacturers to participate in this credit system.
The changes take effect on January 1, 2024, preserving the existing rules for renewable fuel credits.
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Additional Information
Print number: 118_S_1741
Sponsor: Sen. Grassley, Chuck [R-IA]
Process start date: 2023-05-18