Cars With Plugs Face Fight With Agro-Oil Alliance

Big Corn courts Big Oil to combat electric car threat

Chris Prentice, February 21, 2017 (Reuters via St. Louis Post-Dispatch)

“A biofuels lobbying group says it wants to work with the oil industry to fight the threat to both from subsidies for electric vehicles…[The enmity between the two industries over] how much biofuel should be included in gasoline and diesel…is thawing as the growing number of electric cars on the road threatens to cut demand for both renewable and conventional fuels…[E]lectric car and plug-in hybrid vehicle sales could hit 4.4 million in 2021 and exceed 6 million by 2025, up from 1.1 million last year…[Liquid fuel-powered vehicles] still account for 99 percent of the U.S. auto market and electric vehicles still account for less than 1 percent of U.S. car and light truck sales…” click here for more

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