Electric Vehicle Shift to Spur Ethanol Demand Fall, Sugar Market to See Surplus – Bloomberg
Brazil is set to flood the world market with sugar as the transition to electric vehicles slashes demand for crop-based biofuels, according to a study led by an influential industry executive. Demand for ethanol, made mostly from sugar cane in Brazil, will likely start to decline in 2030 as EVs become more widespread, said Soren…