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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Green Car Congress

President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. He also called on states to suspend their state gas taxes as well or to find other ways to deliver some relief.

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OECD: governments should make better use of energy taxation to address climate change; “meaningful” increases limited to road sector

Green Car Congress

Taxes are effective at cutting harmful emissions from energy use, but governments could make better use of them. Tax rates were below the low-end estimate of climate costs (EUR 30/tCO 2 ) for 97% of emissions. Comparing taxes between 2012 and 2015 yields a disconcerting result.

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Tesla Semi will be incredibly affordable with US’ revamped EV tax credit

Teslarati

Battery costs are declining quickly, but even Tesla still lists its 300-mile Semi variant with an estimated starting price of $150,000. That’s higher than the cost of a comparable diesel-powered Class 8 truck, so the Tesla Semi would have to be very compelling to convince drivers and fleet owners to make the switch to electric.

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Why EVs Aren't a Climate Change Panacea

Cars That Think

“Electric cars will not save the climate. Greenpeace , on the other hand, argues that sales of all diesel and petrol vehicles, including hybrids, must end by 2030 to meet such a target. Behavioral change is hard How willing are people to break their car dependency and other energy-related behaviors to address climate change?

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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

The key to obtaining significant reductions in transportation-related GHG emissions is to increase the cost of driving. The economy-wide CO 2 prices applied increase the cost of driving only marginally with respect to the business-as-usual case. —Morrow et al. Adoption of all of the preceding policies.

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OECD: rising air pollution-related deaths taking heavy toll on society; more should be done to reduce transport emissions

Green Car Congress

This pollution is costing advanced economies plus China and India an estimated US$3.5 In OECD countries, around half the cost is from road transport, according to the report, with diesel vehicles producing the most harmful emissions. It puts the cost at nearly US$1.4 trillion in China and nearly US$0.5 trillion in India.

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Senators Kerry and Lieberman Release Details of Energy and Climate Bill; Incentives for Electric Drive and Natural Gas Vehicles

Green Car Congress

Chairman of the Homeland Security and Governmental Affairs Committee, released the details of their long-anticipated energy and climate change legislation on Wednesday, 12 May. Significant tax incentives encourage the conversion of trucks and heavy-duty fleets to natural gas vehicles. Senators John Kerry (D-Mass.),