Except they did. To about 50%
Also, it appears the subsidies are gone.
No, the subsidies are still there. They are spread out far and wide.
BTW, several ethanol plants belly up every year in spite of it, usually built with government loans. the private sector funding has rejected them.
The biggest subsidy, apparently it escapes you, is the mandate to put ethanol in all of our gas. Talk about price supports! LOL