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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.
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. Share of EDVs in 2050.
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.
EVs will likely account for approximately 8% of new car sales in Europe by 2020, supported by consumers’ higher willingness to pay for green technologies, the region’s high emissions standards, and high gasoline and diesel fueltaxes. These could reduce CO 2 emissions by 5 to 10 percent and 10 to 15 percent, respectively.
The plan as outlined also calls for further work on advanced biofuels, advanced batteries and fuel cell technologies in every transportation mode. In coming months, the plan notes, the Department of Transportation will work with other agencies to further explore strategies for integrating alternativefuel vessels into the US flag fleet.
Fuels: liquid petroleum fuels that dominate transportation today and renewable and alternativefuels that can act as substitutes. Transportation pricing: Gasoline taxes. Shift to VMT-based road fees as the number of ZEVs grows and fueltax revenues decline. Active transportation.
Charging station owners or operators are required to remit the tax monthly using prescribed forms provided by the Oklahoma Tax Commission. In Pennsylvania , there is an existing alternativefueltax in effect.
They assessed purchaser technology choice for new vehicles on a cost-effectiveness basis using net present value (NPV) as a decision criterion, with parameters chosen to take account of factors such as consumer myopia with regard to fuel cost savings. R&D plus fuel cell electric vehicle subsidy. 19% compared to the NNP case.
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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