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The Electrification Coalition released two case studies outlining how two cities— Houston, Texas and Loveland, Colorado —are saving money by using electric vehicles (EVs) in their vehicle fleets. found that the city’s LEAFs will cost 41% less to own and operate than gasoline-powered vehicles. Earlier post.).
The analysis in the EC roadmap concludes that fleet adoption of grid-electric vehicles (PHEVs and EVs) could lead to a cumulative 200,000 units on the road by 2015. The report includes a detailed examination of commercial and government fleets, highlighting common practices that could make them significant early adopters of GEVs.
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 fuel tax when targeting an identical reduction in cumulative gasoline use (20% by 2050). Resources.
A new study published by US Department of Energy’s (DOE) Argonne National Laboratory offers the most complete understanding yet of the costs of owning and operating a vehicle, and how those costs vary by powertrain, from the conventional to the cutting-edge.
Key findings from the report include: Hydrogen fuel cells trucks are just starting to see real-world use and their adoption is being driven by regional or national considerations that are much bigger than what exists for trucking fleets. Incentives, grants, credits, tax breaks will be around for a while. of hydrogen adoption in 2030.
Diesel vehicles generally saved owners between $2,000 to $6,000 in total ownership costs during a three to five year period when compared to similar gasoline vehicles, according to data compiled by the University of Michigan Transportation Research Institute (UMTRI). —“Total Cost of Ownership”.
The professionals targeted tend to be small and medium-sized fleets. The cost of use is lower with ë-Berlingo Van: the cost of electricity consumption is five times lower than the cost of fuel for a traditional van and because its maintenance is simpler, it is estimated to be 30% less expensive. ë-Berlingo van range.
Perhaps one of the biggest and most popular reasons people are switching to EVs is the cost savings. Combining home charging, lower maintenance costs , and tax credits has all enabled consumers to consider EVs as a way to save money on their daily drivers. ” It had an estimated cost of just $3.60 to drive 100 miles.
Fleet penetration of PHEV by 2020 in different scenarios. The first character of the scenario represents the price of gasoline at simulation termination, the second represents “yes” or “no” on a manufacturer subsidy, and the third represents “yes” or “no”on a sales tax exemption. Source: Sullivan et al. Click to enlarge.
GtCO 2 (28% of the projected 2015–2050 light-duty vehicle fleet emissions). 2015–2050 US light-duty fleet cumulative CO 2 emissions versus CO 2 budget under prospective future developments. C global warming. Current policies will create a mitigation gap of up to 19?GtCO Milovanoff et al.
VIA Motors announced a voucher program for Chicago-area fleet and business owners that will reduce the initial costs of owning a VIA Motors extended range pickup truck, extended range electric passenger van, or extended range electric cargo van. VIA VTRUX offers up to 40-mile battery range and.
Eaton Corporation has established a program to assist diesel truck fleet owners in applying for the $156 million in grants for diesel hybrid trucks that are available under the American Recovery and Reinvestment Act (ARRA). Fleets are able to purchase multiple trucks.
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.
Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. That finding takes into account both the higher purchase price of an electric vehicle and the lower fuel costs over the vehicle’s life. Source: CBO. Click to enlarge.
ClearFlame Engine Technologies, a startup developing net-zero engine technology ( earlier post ), announced the publication of an independent study that finds ClearFlame’s technology could help fleet owners and other heavy-duty truck operators lower total costs while meeting sustainability goals sooner than currently available alternatives.
Optimizing Car Leasing Tax Advantages The UK Business Benefits This article may contain affiliate links. Running a business in the UK involves careful financial planning, and one aspect that often requires consideration is your company’s vehicle fleet. This further reduces the overall cost of leasing a car for your business.
Tax credits. The President is also proposing a new tax incentive for commercial trucks that provides a credit for 50% of the incremental cost of a dedicated alternative-fuel truck, including trucks powered by natural gas or electricity, for a five-year period.
Researchers at Georgia Tech have compared medium-duty (MD) electric and diesel urban delivery trucks in terms of life-cycle energy consumption, greenhouse gas (GHG) emissions, and total cost of ownership (TCO). One surprise among their findings was that the electric truck had cost advantages over the diesel vehicle under some conditions.
A study by a team from the International Council on Clean Transportation (ICCT) shows that state electric vehicle incentives are playing a significant early role in reducing the effective cost of ownership and driving electric vehicle sales. Source: ICCT. Click to enlarge. —Jin et al.
The model also includes representation of fleet turnover, and opportunities for fuel use and emissions abatement, including representation of electric vehicles. Emissions trading or a carbon tax is going to achieve their emissions goals at the lowest possible cost to society.
The GFEI, a partnership of international agencies and top energy policy experts, suggests that these cost savings could in part be used to help offset the costs of developing a global market for electric vehicles over this time frame, since the savings are estimated to be at least four times bigger than these costs.
As a result, oil consumption in the light-duty fleet would be reduced to just 2.0 Modify plug-in electric drive vehicle tax credits by significantly increasing them for vehicles purchased and registered in Phase One ecosystems. Extend consumer tax credits for home charging equipment. mbd, compared to today’s level of 8.6
Green reviewed the role clean diesel vehicles play in the current vehicle fleet by analyzing the total cost of ownership of diesels and comparing it to that of their gas vehicle counterparts. —UMTRI researcher Bruce Belzowski. Belzowski and UMTRI colleague Paul E. Among their findings:??. —Bruce Belzowski.
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.
The UK government slashed electric company car tax, instantly making EVs much more attractive for businesses and employees. Here we take a look at what company car tax is, what’s changed, and how it compares between different types of cars. What is company car tax? How much is company car tax? Company Car Tax bands.
Late last year, the government of Ireland set a target of 10% of all vehicles in the transport fleet to be powered by electricity by 2020. Assistance for individuals purchasing electric vehicles – publication of a “Buyer’s Guide” and a “Cost of Ownership Calculator” by Sustainable Energy Ireland.
The Vehicle Cost Calculator, an easy-to-use tool that allows users to compare emissions and lifetime operating costs of specific vehicle models, including conventional cars and trucks, as well as vehicles running on alternative fuels such as electricity, ethanol, natural gas, or biodiesel.
If you’re a fleet management provider or original equipment manufacturer (OEM) preparing to switch to an EV solution, you’re ahead of the curve. EV fleet charging is experiencing its very own surge, with fleet charging expected to become a $15-billion market by 2030. Transparent Energy Management What’s your charging strategy?
Usually when discussing federal electric vehicle tax credits in the United States , most people are referring to the Clean Vehicle Credit (formerly the Qualified Plug-in Electric Drive Motor Vehicle Credit) for new EVs. But that’s not the only federal tax credit for buying an EV. What is the federal US Used Clean Vehicle tax credit?
The study editor Sir David King (former Chief Scientific Adviser to the UK Government) and lead author Dr. Oliver Inderwildi urge the government to impose higher taxes on drivers of large, inefficient vehicles and reinvest the money in better public transport and measures to get more people cycling and walking. Myth Busting.
After more than 362,500 miles covered by the A-Class F-CELL test fleet, we are continuing to build on our experience with the latest generation of electric cars with fuel cell drive. tax over a term of 24 months and includes the cost of hydrogen fuel. A typical full-service monthly lease rate will be $849 excl.
The NGP says the new tests confirm that lawmakers should base taxes for PHEVs on their actual pollution and stop subsidizing their sale. T&E said governments should end subsidies for PHEV fleet vehicles and tax them based on their pollution in the real world.
, finds that the societal costs for electric cars and vans range from €7k to €12k (US$8,889 to $15,238) more than fossil-fueled equivalents. This additional cost represents what society is willing to pay in order to promote electromobility. greater impact on widening the cost of ownership gap in favor of fuel cars.
The fleet market makes up about 70% of the global NEV marketplace, Pike says. The US currently offers federal tax incentives of 10% of the purchase price up to $2,500. Pike notes that essentially all NEVs use deep cycle lead-acid batteries due to their lower cost of between $100 to $200 per kWh. Technology.
In August, Saft announced that it had been selected by the US Department of Energy (DOE) to benefit from a 50% funding of the project cost of up to $95.5 In addition, this investment has been selected to benefit from subsidies and tax grants from the State of Michigan of up to $148.5 Jacksonville.
The statement of task specifically asks how the on-road LDV fleet could reduce, relative to 2005, petroleum use by 50% by 2030 and 80% by 2050, and GHG emissions by 80% by 2050. The committee then analyzed the performance and cost impacts of the various options in different scenarios. —Douglas M.
The government is also committing to electrify 25% of cars in central government department fleets by 2022. Possible ways the money could be spent include reducing the cost of public transport for those on low incomes or modernizing buses with more energy efficient technology.
Do they get state or federal tax breaks? In fact in 6 of the states, diesel fuel is penalized with additional state taxes. So diesel fuel gets taxed twice or penalized twice at the federal and state level. The TDI Efficiency Rally fleet. Do they receive HOV access for their improved fuel economy and ultra low emissions?
million units/year); the availability of subsidies and incentives; the availability of an extensive and expensive recharging infrastructure and adequate energy supplies; the future cost of oil; and the cost of meeting transport emissions legislation through means other than EV production.
Featuring CleanFUEL’s new 8L liquid propane injection (LPI) system, the medium-duty engine will offer fleet managers a high-performance, propane-powered alternative. From a fleet standpoint, we see immense potential for this new 8L platform to stimulate additional interest and adoption in the market for propane-powered vehicles.
The bill provides assistance to those Americans who may be disproportionately affected by potential increases in energy prices through tax cuts and an energy refund program. Significant tax incentives encourage the conversion of trucks and heavy-duty fleets to natural gas vehicles.
The AFIG Program can assist school districts, municipal authorities, nonprofits, corporations, LLCs, and partnerships registered to do business in Pennsylvania in offsetting the costs of implementing alternative fuel using transportation projects. The AFIG Program is funded by annual gross receipts tax on utilities.
Customers will also be eligible for a $40,000 clean commercial vehicle tax credit from the federal government due to the passage of the “Inflation Reduction Act”. The Tre BEV is also eligible for a variety of other incentives across the United States, including the $40,000 clean commercial vehicle tax credit from the federal government.
The index is built from the four key policies needed to improve fuel economy: fuel tax, CO 2 -based vehicle tax, fuel economy standards and labeling. Important complementary policies include fuel economy labeling, fuel economy or CO2-adjusted vehicle tax systems (such as “feebates”), and fuel taxes. Policy package.
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