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The California Air Resources Board (CARB) voted to intensify the carbon reductions required in its Low Carbon Fuel Standard (LCFS). Here are a few key takeaways:
The LCFS will require a 30% (up from 20%) reduction in the carbon intensity of transportation fuels by 2030 and a 90% reduction by 2045. Fuel costs are expected to rise by 37 to 65 cents per gallon as a result.
California’s governor directed CARB to accelerate research for selling E15. Legislators are reintroducing an ethanol blending bill that directs CARB to complete their review by July 1. California is the only state not selling E15. Equipment compatibility will need to be addressed.
SoCalGas, a natural gas distribution utility, offered $30,000 fuel cards to companies that purchased a qualifying vehicle.
