Possible federal incentives for electricity as a vehicle fuel

In SPURR’s Low Carbon Fuel Standards (LCFS) Program, operators of Compressed Natural Gas (CNG) vehicle fueling stations receive funds for credits created as part of two incentive programs. There is both a State of CA program (called LCFS) and a federal program (called RIN). SPURR ran a competitive solicitation resulting in an award to a “credit monetizer” firm, Anew Climate (fka BlueSource) for both types of credits.

With respect to Electric Vehicles (EVs), currently the State of CA has an incentive program for EV fuel, but the feds do not. According to published reports, the federal EPA may soon add EVs to their RIN program.

https://www.reuters.com/business/autos-transportation/exclusive-us-epa-expected-propose-electric-cars-be-eligible-renewable-fuel-2022-10-05/

https://www.convenience.org/Media/Daily/2022/Oct/7/3-EPA-May-Open-Renewable-Fuel-Credits_EV

Adding EVs to the federal RIN program may significantly increase the economic value of EVs to customer. Depending on the details, of course.

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