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https://twitter.com/noahqk/status/1597242422253481986First, a clarification: Ethanol's first entry into fuel was as an oxygenate, replacing MTBE, but you only need around 7.4% (by volume) ethanol to achieve oxygenation targets so the extra 2.6% is largely due to fuel policy and/or underlying economics. 2/
https://twitter.com/ramez/status/1261011825354657792Policies like the RPS for solar and ZEV Mandate for Li-ion batteries (with a big assist from the emergence of cellphones and laptops) created enough of a guaranteed market that early players could invest at commercial scale. 2/