NEW YORK, June 6 (Reuters) - The Biden administration will abandon a scheme to include the electric vehicle industry in the nation's biofuel blending program and will remove nearly 2 billion credits the ambitious expansion was expected to generate in a final rule set to be released later this month, three sources familiar with the matter told Reuters.
The EV program would have been a boost to President Joe Biden's goal of electrifying the motor vehicle industry to fight climate change.
The White House declined to comment, and the Environmental Protection Agency, which administers the RFS, did not respond to requests for comment.
The White House is currently reviewing a final rule on biofuel blending mandates for the years 2023, 2024 and 2025.
Reporting by Stephanie Kelly and Jarrett RenshawOur Standards: The Thomson Reuters Trust Principles.
Persons:
Biden, Joe Biden's, Stephanie Kelly, Jarrett Renshaw
Organizations:
YORK, Reuters, U.S . Renewable, Tesla Inc, Environmental Protection Agency, Thomson