Also, is growing and harvesting this corn (taking out the final burning of ethanol out of it for a moment) a net positive or negative in terms of carbon emissions? Is the fact that the corn is growing and absorbing carbon dioxide enough to offset the planting, fertilization, and harvesting? What about all that + conversion to ethanol + disposal of the conversion byproducts?
The real question is this: what is greater?
(a) CO2 emissions from planting, harvesting, transporting, converting, disposing of corn + CO2 emissions from burning the ethanol + CO2 and other emissions from having to recycle/downcycle/dispose of engines that die earlier because ethanol is bad for them.
or (b) CO2 emissions from drilling/fracking for oil, transport, refining, disposal of byproducts + CO2 emissions from burning gasoline.
If I accounted for all the factors, the questions of whether a > b or b > a should determine the policy.
There is of course a (c) CO2 emissions from mining and transporting coal/oil/natural gas to the power plant * loss factor for transporting the electricity + losses in charging systems + CO2 and other emissions from mining and processing lithium and manufacturing, transport, and recycling of lithium ion batteries.