Biden Administration Will Strike Electric Vehicle Proposal From Final Biofuel Quota Rule When Released Later This Month; Biden Administration Will Also Remove Up To 1.8B Credits That Electric Vehicles Were Expected To Generate Over The Next Two Years
Portfolio Pulse from Benzinga Newsdesk
The Biden administration will remove the electric vehicle (EV) proposal from the final biofuel quota rule and eliminate up to 1.8 billion credits that EVs were expected to generate over the next two years.
June 06, 2023 | 3:34 pm
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NEGATIVE IMPACT
The removal of the EV proposal from the biofuel quota rule may negatively impact FUV's potential credits over the next two years.
The removal of the EV proposal from the biofuel quota rule will eliminate up to 1.8 billion credits that EVs were expected to generate over the next two years. This may negatively impact FUV's potential credits and financial benefits.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NIO may be negatively impacted by the removal of the EV proposal from the biofuel quota rule, affecting potential credits over the next two years.
The removal of the EV proposal from the biofuel quota rule will eliminate up to 1.8 billion credits that EVs were expected to generate over the next two years. This may negatively impact NIO's potential credits and financial benefits.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tesla may face a negative impact due to the removal of the EV proposal from the biofuel quota rule, affecting potential credits over the next two years.
The removal of the EV proposal from the biofuel quota rule will eliminate up to 1.8 billion credits that EVs were expected to generate over the next two years. This may negatively impact Tesla's potential credits and financial benefits.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90