ALEXANDRIA, Va.—$1 billion in biofuels funding has been included in the initial draft of the U.S. House Agriculture Committee's reconciliation bill, reports the Iowa Capital Dispatch. The money would go toward distributing new equipment to fuel retailers to help them with the sale of fuels containing higher blends of ethanol and biodiesel.
“With the right infrastructure investments, we can quickly expand the availability of this low carbon fuel across the U.S.,” U.S. Rep. Cindy Axne (D-IA-3), said in a press release.
According to the bill, the Agriculture Department would use the funds to provide grants over eight years to expand biofuels pump infrastructure, upgrade existing tanks and pumps and increase the use of higher blends of ethanol and biodiesel.
House and Senate Democrats sent a letter to Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi asking them to include renewable fuels funding in the $3.5 trillion reconciliation bill.
President Biden’s plan to have half of all car sales be EVs by 2030 has been criticized by some lawmakers, as they believe biofuel is a quicker and more obtainable solution for cleaner energy. Charging is a major roadblock to consumer EV adoption, with the U.S. needing 10 times as many EV chargers it has now to make Biden's 2030 EV sales goal a reality.
Recently, NACS Daily reported that the U.S. Environmental Protection Agency is expected to recommend federal biofuel blending mandates for 2021 that are below 2020 levels. In addition, the EPA is expected to recommend boosting the blending mandates for 2022 above the previous two years.
Register to attend the 2021 NACS Show October 5-8, at McCormick Place in Chicago and take advantage of the education sessions on fuels and electric vehicles, including these sessions developed by retailers for retailers: