# EPA Proposes Renewable Energy Credits For EV Manufacturers - Renewables - United States

> The EPA proposed allowing light-duty electric vehicle manufacturers to generate tradeable eRINs from renewable electricity starting in 2024. Only electricity from qualifying renewable biomass would qualify, while solar, wind and hydropower would not. The agency estimates 600 million eRINs in 2024 and 1.2 billion in 2025.

- Date: 2023-12-12 · published 2023-12-12T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15254-epa-proposes-renewable-energy-credits-for-ev-manufacturers-renewables-united
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Biomass-based eRINs could add a new compliance credit source under the Renewable Fuel Standard, which may ease demand for conventional biofuel RINs. The effect on soybean oil and other feedstock prices is uncertain but likely modest.

## Read by commodity

- SBO: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-02-24 | [EPA Renewable Fuel Shift May Increase Cost Of Compliance - Oil, Gas & Electricity - United States](https://feedsoft.ai/events/54470-epa-renewable-fuel-shift-may-increase-cost-of-compliance-oil-gas-and.md) | -7.6% | -16.3% |
| SBO | 2019-07-05 | [EPA Proposes Renewable Volume Obligations for 2020 On Track to Meet Statutory Deadline \| US EPA](https://feedsoft.ai/events/57955-epa-proposes-renewable-volume-obligations-for-2020-on-track-to-meet-statutory.md) | +0.2% | -1.2% |
| SBO | 2018-03-15 | [News, Notices and Announcements for the Renewable Fuel Standard \| US EPA](https://feedsoft.ai/events/65893-news-notices-and-announcements-for-the-renewable-fuel-standard-us-epa.md) | +1.9% | -0.5% |
| SBO | 2019-04-05 | [The Unintended Consequences of the Renewable Fuel Standard \| RealClearEnergy](https://feedsoft.ai/events/59466-the-unintended-consequences-of-the-renewable-fuel-standard-realclearenergy.md) | -0.8% | -7.3% |
| SBO | 2018-04-26 | [Winners and losers from the proposed ban on palm oil - Renewable Carbon News](https://feedsoft.ai/events/65525-winners-and-losers-from-the-proposed-ban-on-palm-oil-renewable-carbon-news.md) | -1.4% | +3.0% |

## Sources

- mondaq.com: https://www.mondaq.com/unitedstates/renewables/1400384/epa-proposes-renewable-energy-credits-for-ev-manufacturers

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.