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Ethanol is corrosive, but not very much. Gasoline is corrosive too. Ethanol is biodegradable in water. So it has a tendency to contain and attract water. It is not the corrosive properties of ethanol that can cause damage to your vehicle; it is the water which can rust a vehicle’s fuel system from the inside out. Today’s vehicles (since mid 1980s) have fuel systems which are made to withstand corrosive motor fuels and rust from water. Also today’s distilling processes are superior to way back when. We now have better techniques for drying out ethanol or reducing the water content. …