Tesla And Other EV Makers Could Disrupt US Agricultural Market via insideevs.com
and other EV makers could significantly disrupt the demand for corn. For agricultural machinery manufacturers like John Deere, this could spell trouble for the future of ethanol — especially given the latest climate targets in the U.S.Deere could be threatened by weakening corn and ethanol demand in the coming decades, as climate goals prioritizing EVs continue to gain popularity, according to a report from.
The U.S. produces around a third of the global corn supply, amounting to about 15 billion bushels or 380 million metric tons per year, according to. Crucially, the outlet also notes that over 40 percent of the corn crop in the U.S. is used for ethanol production. “This week’s new EPA greenhouse gas rules for cars almost mandate a much faster EV adoption curve than many thought,” Shlisky said. The “regulatory and political changes skew negative for ethanol.”
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