Big Ethanol vs. Electric Vehicles

It’s Godzilla vs. King Kong in the battle for subsidy primacy.

June 23, 2023 6:48 pm ET

Wonder Land: Inspired by China and Saudi Arabia, Team Biden's vision for U.S. industrial policy is one in which the government explicitly leads; everyone else follows. Images: AP/AFP/Getty Images Composite: Mark Kelly

One of the more entertaining spectacles in Washington these days is the industrial-policy competition between the climate and ethanol lobbies. The Biden Administration this week handed both sides a victory, yet as usual neither is satisfied.

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