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Switched On

Biofuels and EV Charging in Carbon Credit Tussle

Mar 27, 2023
Ryan Fisher, a lead analyst specializing in electric vehicle charging at BloombergNEF, and Jade Patterson, a senior associate focused on renewable fuels, delve into the exciting dynamics between biofuels and electric vehicles. They explore how carbon credit schemes impact these sectors and the profitability of EV charging infrastructure. The conversation covers sustainability challenges, future policy implications, and the competition between biofuels and EVs in achieving decarbonization goals. Their insights highlight a pivotal moment in the transportation landscape.
34:32

Podcast summary created with Snipd AI

Quick takeaways

  • The rise of carbon credit schemes is making electric vehicle charging infrastructure more profitable, signaling a shift in transportation energy dynamics.
  • Biofuels, particularly renewable diesel, are finding new opportunities beyond road transport, especially in sustainable aviation fuels, despite competition from electric vehicles.

Deep dives

The Renaissance of Biofuels

Recent discussions highlight a resurgence in biofuels, notably renewable diesel, which has gained traction due to its compatibility with existing diesel engines. Unlike traditional biodiesel, renewable diesel can be used at high percentages without blending, providing greater market flexibility and potential for expansion. Analysts predict a significant increase in global production capacity for renewable diesel, from about four to sixteen billion gallons annually in the coming years. The shift towards renewable diesel is largely driven by the need for sustainable energy sources that do not compete directly with food crops.

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