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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. —David McCollum.
The study concludes that China and Europe, not the United States, will be the largest markets for EVs in 2020, driven by strong government support. Alternativefuels could also play a role in emission reduction for ICE-propelled vehicles, BCG notes. However, China is a major wildcard. The consumer.
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. States use similar mechanisms. —Huang et al.
A second study led by UC Santa Barbara was released simultaneously. The state funded the two studies through the 2019 Budget Act. The studies are designed to identify paths to slash transportation-related fossil fuel demand and emissions while also managing a strategic, responsible decline in transportation-related fossil fuel supply.
Without significant additional policy interventions to induce market penetration of breakthrough passenger car and aircraft technologies, the overall European (EU27) greenhouse gas (GHG) emissions reduction goals for 2050 will be difficult to meet, according to a new study by researchers from the University of Cambridge, Stanford University and MIT.
More research, development, and demonstration studies are needed to lay the foundation for such a long-term transformation. There are many options available for reducing the fuel, energy, and GHG emissions impacts of LDVs. —“On the Road Toward 2050”. —“On the Road Toward 2050” Click to enlarge.
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