California is aiming to halt the sales of new gas powered cars by the year 2035 in an effort to transition to electric cars. The executive order, signed by Gov. Gavin Newsom, is creating concern for the nation’s biofuel sector.
President and CEO of the Renewable Fuels Association, Geoff Cooper spoke with RFD-TV on how the order is a threat to the biofuels industry, the value of the combustible engine, and if other states will follow suit.
According to Cooper, “California is our largest market for ethanol. Today about ten percent of what we produce as an industry is consumed in California. So, they have used a lot of ethanol over the years, specifically to reduce emission. They have very aggressive carbon reduction efforts in California. Their Low Carbon Fuel Standard, as an example, and ethanol has been a great way to meet the goals and objectives of that program. So, we don’t understand why, when they already have a program working to reduce carbon emissions, why they would abandon that... We think this is going to be a very unpopular decision in California.”
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