The Biden administration, the European Union, China and General Motors want to make battery-powered electric cars the champion of motorists worldwide.
At the same time, U.S. and European agricultural interests and investors are pouring serious money into biofuels that go into cars and trucks running on liquid fuels.
The billion-dollar question is whether they can both be right about the future of transportation. The answer may not be as simple as it seems.
The EV moment
Right now, electric cars clearly have the momentum and the “inevitability” narrative on their side. The Biden administration’s ambitious infrastructure proposal sets aside $174 billion to subsidize electric cars, but little for biofuels.
We Can Love Electric Cars, But Let s Not Spurn Biofuels – Advanced BioFuels USA
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