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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.

Congress 259
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BCG study finds conventional automotive technologies have high CO2 reduction potential at lower cost; stiff competition for electric cars

Green Car Congress

BCG comparison of the CO 2 reduction potential and cost of different technologies. In addition, the cost to the consumer would be about $50 to $60 per percent CO 2 reduction—roughly half the cost of what was expected three years ago. Source: BCG. Click to enlarge. Source: BCG.

CO2 246
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Study Finds Government Mandates Superior to All Other Biofuels Policies, But Mixing With Subsidies Causes Adverse Effects; The Argument for a Direct CO2 Tax

Green Car Congress

However, production costs of US corn-ethanol are very high. The gap between the intercept of the ethanol supply curve and the oil price creates large deadweight costs that may overwhelm any external benefits. Other findings from the study include: Ethanol policy can have a substantial impact on corn prices.

Tax 210
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Profile: Li-ion Battery and Pack Supplier Valence Technology

Green Car Congress

Green Car Congress had the opportunity recently to have a discussion with Mark Donaghy, the Global Marketing Manager for Valence Technology, Inc., When asked about battery product pricing, Donaghy replied “ Everyone wants to know price, we would agree that we need to get the cost of the energy down. Click to enlarge. The Maxity, a 7.5

Li-ion 150
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Sen. Baucus draft for energy tax reform focuses on clean production of electricity and fuels; repeals plug-in vehicle credits

Green Car Congress

If Congress continues to extend current incentives, they will cost nearly $150 billion over 10 years. The maximum investment tax credit is 20% of the cost of the investment. Generally the investment tax credit cannot be claimed for facilities that begin to operate before January 1, 2017. Clean fuels tax credit.

Tax 281
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UC report to CalEPA outlines policy options to decarbonize California transportation by 2045

Green Car Congress

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. The scenario analysis includes an estimate of the total costs of the LC1 compared to the BAU scenario.