#Subsidies

Things might get a lot sweeter in 2013 for folks considering a “new technology car,” as they’re being called at the White House.

The EPA will announce Friday that it has approved the use of E15 gasoline for vehicles made after the year 2000. The EPA previously approved the added ethanol content for vehicles made after 2007 – the new regulations would see the amount of vehicles able to use E15 grow exponentially, and directly benefit American corn farmers, whose crop is used in the production of ethanol.

Anticipating a drop in demand, Toyota will begin cutting domestic output starting in October. The sluggish demand is being blamed on the end of a subsidy given out by the Japanese government for purchasing an environmentally friendly vehicle.