California Boosts EV Charging Sector at the Expense of Biofuels
Updates to the Low Carbon Fuel Standard could fund 40% of state’s charging needs.
A driver charging a Chevrolet Bolt electric vehicle at a Tesla Supercharger in Scotts Valley, California.
Photographer: Philip Pacheco/BloombergThanks for reading Hyperdrive, Bloomberg’s newsletter on the future of the auto world.
Days after Americans cast their ballots in an election still dominating news cycles, members of the California’s powerful Air Resources Board did some highly consequential voting on a program that was worth $2.8 billion to suppliers of biofuels and electricity for electric vehicles last year.