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In a study published in the journal Energy Economics , MIT researchers have found that a fuel economy standard is at least six to fourteen times less cost effective than a fueltax when targeting an identical reduction in cumulative gasoline use (20% by 2050). —Karplus et al.
users pay for the construction and maintenance of roads via a federal fueltax. Revenues from the tax go into the federal Highway Trust Fund, which is independent of the General Fund; every five years or so Congress passes an authorization bill to allocate these revenues. —Huang et al.
Policies to entice consumers away from fossil-fuel powered vehicles and normalize low carbon, alternative-fuelalternatives, such as electric vehicles, are vital if the world is to significantly reduce transport sector carbon pure-emissions, according to a new study. Click to enlarge.
As sales of electric vehicles begin to reach significant numbers across the US, states are exploring approaches to replace lost tax revenue since EV drivers don’t pay fueltaxes as drivers of gas-powered cars do at gas stations. Unfortunately there is currently no simple and agreed upon best replacement for the fueltax.
Assuming the China government remains committed to EVs, BCG expects that these vehicles will represent 7% of new vehicle sales in 2020, supported by car buyers’ enthusiasm for the technology and the country’s high gasolinetaxes. Source: BCG. Click to enlarge. The consumer.
Fuels: liquid petroleum fuels that dominate transportation today and renewable and alternativefuels that can act as substitutes. Transportation pricing: Gasolinetaxes. Shift to VMT-based road fees as the number of ZEVs grows and fueltax revenues decline. Active transportation.
Just as conventional internal combustion engine (ICE) cars measure fuel by the gallon, EV owners measure their energy consumption in kWh. Although much cheaper than putting gasoline into a ICE car, charging an EV is not necessarily free. In Pennsylvania , there is an existing alternativefueltax in effect.
The Virginia General Assembly is moving forward with legislation ( HB2313 ), that, among its other elements, would abolish the state’s gasoline and diesel fueltaxes and replace them with a sales tax. Currently, both gasoline and diesel carry a $0.175/gallon fueltax.
The report addresses topics related to the evolution of vehicle technology and its deployment, the development of alternativefuels and energy sources, the impacts of driver behavior, and the implications of all of these factors on future GHG emissions in the United States, Europe, China, and Japan.
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