NEW YORK, Dec 1 (Reuters) – President Joe Biden’s administration on Thursday unveiled a three-year proposal to expand the U.S. biofuels policy with bigger volume mandates and – for the first time – include a pathway for electric vehicle manufacturers to generate lucrative credits.Biden wants to fight climate change by reducing fossil fuel use in America’s transport sector, currently the source of around a quarter of the country’s greenhouse gases.Under the plan, announced by the Environmental Protection Agency, oil refiners will be required to add 20.82 billion gallons of biofuels to their fuel in 2023, 21.87 billion gallons in 2024, and 22.68 billion …
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