The two largest U.S. oil companies are road testing renewable gasoline blends that they say could bring down emissions from conventional autos to levels competitive with electric vehicles (EVs).
, if made commercially available, potentially would extend the life of the gasoline market as part of the world's transition to cleaner fuels and electric vehicles.
Chevron and Exxon disclosed in the past days test results from partnerships with automaker Toyota Motor Corp that could result in EVs accounting for up to two-thirds of U.S. light vehicle sales by 2032, according to government calculations. "We believe it is going to need government help to get up and running, and get scale," Walz said, referring to existing incentives such as those provided for biodiesel and renewable diesel.
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