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Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions

Green Car Congress

Direct transportation (fuel) taxes generate the greatest reductions in CO 2 emission from transportation, achieving CO 2 emissions at 86% of 2005 levels by about 2025. While CO 2 prices are equivalent to fuel taxes, CO 2 prices at their projected levels are far too small to create a significant incentive to drive less.

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MIT Energy Initiative report on transforming the US transportation system by 2050 to address climate challenges

Green Car Congress

Other major regions likely to have similar evolution: diesel in Europe currently about 50% of the ICE sales, but that fraction is slowly decreasing. It is the third report in a series that records the research findings of this group; “On the Road in 2020” was published in 2000 and “On the Road in 2035” was published in 2008.

MIT 150