Cost Of and Fuel Tax

MIT study finds fuel economy standards are 6-14 times less cost effective than fuel tax for reducing gasoline use

Green Car Congress

FEBRUARY 21, 2013

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).

Fuel Economy

Fuel Economy MIT Fuel Tax Economy

Massachusetts Governor Proposes $0.19 Increase in State Fuel Tax to Support Transportation Projects

Green Car Congress

FEBRUARY 20, 2009

As part of a comprehensive reform plan to simplify the Commonwealth of Massachusetts’ transportation system, Governor Deval Patrick is proposing a fuel tax increase of $0.19 The increased fuel tax is intended to be in lieu of an increase in tolls. per gallon—a 81% increase of the current $0.235 per gallon.

Fuel Tax

Fuel Tax Massachusetts Tax Transportation

Congressionally-created Commission Recommends Mileage Tax Instead of Fuel Tax for Transportation Infrastructure Financing

Green Car Congress

FEBRUARY 26, 2009

A bi-partisan Congressionally-created commission has recommended a shift from motor fuel taxes to direct fees charged to transportation infrastructure users—i.e., An ever-expanding backlog of investment needs is the price of our failure to maintain funding levels—and the cost of these investments grows as we delay. of GDP today.

Mileage Tax

Mileage Tax Fuel Tax Tax Financing

Belfer Center report calls for policymakers to begin taking steps to change policies for funding US transportation infrastructure

Green Car Congress

OCTOBER 23, 2010

users pay for the construction and maintenance of roads via a federal fuel tax. 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.

Transportation

Transportation Fuel Tax Tax Gasoline-Electric

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

MARCH 8, 2010

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.

Tax Credit

Tax Credit Tax Emissions Fuel

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

Green Car Congress

JUNE 15, 2011

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.

CO2

CO2 Electric Cars 2020 Gasoline-Electric

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

Green Car Congress

FEBRUARY 14, 2018

fuel taxes increased between 2012 and 2015 in some large countries, and first steps towards removing lower tax rates on diesel compared to gasoline are taken, but apart from that there are no signs that the polluter pays principle determines the energy tax landscape more strongly in 2015 than in 2012. of emissions.

Climate Change

Climate Change Climate Energy Tax

New Zealand simplifies Road User Charges system, extends exemption for light electric motor vehicles from 2013 to 2020

Green Car Congress

JUNE 14, 2012

Since some 36% of diesel is used off-road, such as on farms, by manufacturing, industrial and commercial ventures, and boats, a fuel tax for road use would impose an unfair burden onto these sectors, the government says.). per cent is estimated to increase the total cost of truck operation by around 0.4%.

New Zealand

New Zealand Light 2013 2020

GFEI report suggests $2T savings from fuel economy improvements in ICE vehicles through 2025 can help fund long-term transition to plug-ins

Green Car Congress

NOVEMBER 8, 2013

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.

Fuel Economy

Fuel Economy Economy Plug-in Plug

IEA technology and policy reports outline paths to halving fuel used for combustion-engined road transport in less than 40 years

Green Car Congress

SEPTEMBER 20, 2012

The policy package includes a new fuel economy readiness index, which measures the extent to which countries have implemented steps that will fully exploit the potential of existing fuel economy technologies and maximise their use in vehicles. Policy package.

Fuel Economy

Fuel Economy Fuel Transportation Engine

Congressional Budget Office estimates US federal policies promoting EVs and other fuel-efficient vehicles will cost $7.5B through 2019; little or no impact on gasoline use and GHG in the short term

Green Car Congress

SEPTEMBER 21, 2012

The nonpartisan US Congressional Budget Office (CBO) estimates that federal policies to promote the manufacture and purchase of electric vehicles, some of which also support other types of fuel-efficient vehicles, will have a total budgetary cost of about $7.5 —“Effects of Federal Tax Credits for the Purchase of.

Tax Credit

Tax Credit Gasoline Tax Gasoline-Electric

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

Green Car Congress

DECEMBER 19, 2013

The production tax credit can be claimed on a single facility for a maximum of 10 years and cannot be claimed for facilities that begin to operate before 1 January 2017 (though such facilities may be eligible for the extended, current law production tax credit, described below). Clean fuels tax credit.

Tax

Tax Tax Credit Clean Cleaning

Next 10 report finds California will meet or exceed original target of 1.5M ZEVs by 2025

Green Car Congress

JANUARY 30, 2018

Current trends suggest that barriers to EV adoption such as price, range, selection and charging-time will continue to diminish, as costs come down and technology improves. Total Cost of Ownership: An analysis of 17 popular 2017 models found ZEVs can already be price competitive now, without government incentives.

California

California 2017 2016 Los Angeles

Texas considers EV tax, and EV owners are on board

Teslarati

JANUARY 9, 2023

The Texas State Legislature is considering levying a tax against EV owners to fund road upkeep and improvement, and EV owners are on board. Electric vehicles are the choice for many consumers not only due to their environmental benefits but also due to their reduced cost of ownership.

Texas

Texas Tax Fuel Tax Gas-Electric

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

Green Car Congress

APRIL 22, 2021

The scenario analysis includes an estimate of the total costs of the LC1 compared to the BAU scenario. Transportation pricing: Gasoline taxes. Shift to VMT-based road fees as the number of ZEVs grows and fuel tax revenues decline. Active transportation. Public transit investments, expansion, and incentives.

Transportation

Transportation California Davis Carbon

Energy Learning Curve Survey Finds Americans Support Wide Array of Proposed Energy Policies, But Are Not Yet Ready to Make Tradeoffs

Green Car Congress

APRIL 5, 2009

However, the survey also found that the public may not yet be prepared for the tradeoffs and challenges needed to make these proposals a reality, with majorities rejecting measures such as a floor on gasoline prices, congestion charges, or higher fuel taxes. Anything that increases the cost of driving is soundly rejected by the public.

Energy

Energy Climate Change Tax Oil

Study Finds That Implementation of a Portfolio of Transportation Strategies Will Be Required for Significant Reductions in GHG from Transportation Sector; Pricing Strategies Have the Largest Potential

Green Car Congress

JULY 29, 2009

per gallon fuel tax by 2050) could result in an additional reduction of 28% in GHG emissions. Highlights of the nine categories analyzed in the Moving Cooler report include: Pricing and taxes. Strong economy-wide pricing measures (such as a $5.00 Both local and regional facility-level pricing strategies (e.g.,

Transportation

Transportation Price Fuel Economy Economy

National Research Council Report Explores Improving Fuel Economy of Medium- and Heavy-Duty Vehicles; Recommends Immediately Beginning Developing a Regulatory Approach

Green Car Congress

APRIL 2, 2010

Hybrid powertrains could lower the fuel consumption of vehicles that stop frequently, such as garbage trucks and transit buses, by as much as 35% in the same time frame. Japan regulates the fuel economy of these vehicles, and both the European Union and the state of California are developing standards.

Fuel Economy

Fuel Economy Economy Fuel Vehicles

How the Budget affects green car drivers

Green Cars News

APRIL 22, 2009

Mark Huggins, director of AA loans, says the average cost of a car loan is £8,000 and the scrappage scheme could provide the funding needed for a new vehicle by a quarter. There are encouraging signs for people struggling to buy new cars too.

Green Cars

Green Cars Scrappage Green Cars

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

Green Car Congress

JUNE 23, 2022

Monthly data from the EIA shows that crude oil is 60% of the price of gasoline, 17% is refining costs, 12% is federal and state taxes, and 11% is distribution and marketing. Refined product prices are set by the marginal supply costs of bringing the incremental barrels of products to market.

Congress

Congress Fuel Tax Tax Fuel

Fuel duty increase: Greenwash or green right?

Green Cars News

SEPTEMBER 1, 2009

Many a motorist will grumble today as they get to the pumps and notice a jump in the fuel prices, following the two pence per litre increase in fuel duty, however environmental pressure group, Friends of the Earth (FoE) think the increase is necessary to coax us out of our cars.

Green

Green Fuel Petrol Fuel Tax

Operation and Maintenance of Electric Vehicle Charging Infrastructure

Driivz

JULY 3, 2024

This blog explores the costs and processes involved in setting up, operating and maintaining EV charging networks, as well as the revenue models that make EV charging a viable business. Operating and Maintaining an EV Charging Network Operating and maintaining EV charging networks, like any modern business, includes a range of cost factors.

Maintenance

Maintenance Electric Vehicles Charging Vehicles

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

FEBRUARY 17, 2010

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

Tax CO2 Renewable Standards

Study finds CO2 emissions trading more effective path to automotive CO2 reduction in Europe than tailpipe standards

Green Car Congress

NOVEMBER 11, 2016

They found that vehicle emission standards reduce CO 2 emissions from transportation by about 50 MtCO 2 and lower the oil expenditures by about €6 billion, but at a net added cost of €12 billion in 2020. This study, for the first time, quantifies the vast economic costs of that policy using a general equilibrium framework.

Standards

Standards Emissions CO2 Europe

Profile: Li-ion Battery and Pack Supplier Valence Technology

Green Car Congress

MARCH 25, 2009

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. After four years they’ll be cost neutral; these guys understand the cost of their fleets down to the pence per mile. ”. We would aim to halve that, ” Donaghy said.

Li-ion

Li-ion Batteries Battery 2008

Switching to electric cars ‘could increase emissions’

Green Cars News

NOVEMBER 10, 2009

Low running costs of electric vehicles would lead to extra demand for car transport and make necessary the taxation of electricity. The most certain way to promote electric-powered transport is to tighten long-term CO2 standards for cars to 80 g/km by 2020 and 60 g/km by 2025 whilst at the same time increasing fuel taxes.

Emissions

Emissions Electric Cars CO2 Cars

We Need More Than Just Electric Vehicles

Cars That Think

AUGUST 20, 2022

The total cost of purchasing and driving one—the cost of ownership—has fallen nearly to parity with a typical gasoline-fueled car. Governments have offered subsidies or tax rebates to make EVs more appealing, a policy which the U.S. Those tax revenues are necessary for the maintenance of roads. passenger vehicles.

Electric Vehicles

Electric Vehicles Vehicles West Virginia Electrical

MIT Energy Initiative report on transforming the US transportation system by 2050 to address climate challenges

Green Car Congress

MARCH 16, 2016

However, the flexibility and lower costs of PHEVs appear to trump this simplicity, certainly in the nearer term. However, BEVs do appeal because their propulsion system is simpler than an ICE, and they do not dilute their “electric miles” with “gasoline miles,” as does a PHEV.

MIT

MIT Transportation Climate Energy

EV Driven

MIT study finds fuel economy standards are 6-14 times less cost effective than fuel tax for reducing gasoline use

Massachusetts Governor Proposes $0.19 Increase in State Fuel Tax to Support Transportation Projects

Congressionally-created Commission Recommends Mileage Tax Instead of Fuel Tax for Transportation Infrastructure Financing

Belfer Center report calls for policymakers to begin taking steps to change policies for funding US transportation infrastructure

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

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

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

New Zealand simplifies Road User Charges system, extends exemption for light electric motor vehicles from 2013 to 2020

GFEI report suggests $2T savings from fuel economy improvements in ICE vehicles through 2025 can help fund long-term transition to plug-ins

IEA technology and policy reports outline paths to halving fuel used for combustion-engined road transport in less than 40 years

Congressional Budget Office estimates US federal policies promoting EVs and other fuel-efficient vehicles will cost $7.5B through 2019; little or no impact on gasoline use and GHG in the short term

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

Next 10 report finds California will meet or exceed original target of 1.5M ZEVs by 2025

Texas considers EV tax, and EV owners are on board

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

Energy Learning Curve Survey Finds Americans Support Wide Array of Proposed Energy Policies, But Are Not Yet Ready to Make Tradeoffs

Study Finds That Implementation of a Portfolio of Transportation Strategies Will Be Required for Significant Reductions in GHG from Transportation Sector; Pricing Strategies Have the Largest Potential

National Research Council Report Explores Improving Fuel Economy of Medium- and Heavy-Duty Vehicles; Recommends Immediately Beginning Developing a Regulatory Approach

How the Budget affects green car drivers

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

Fuel duty increase: Greenwash or green right?

Operation and Maintenance of Electric Vehicle Charging Infrastructure

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

Study finds CO2 emissions trading more effective path to automotive CO2 reduction in Europe than tailpipe standards

Profile: Li-ion Battery and Pack Supplier Valence Technology

Switching to electric cars ‘could increase emissions’

We Need More Than Just Electric Vehicles

MIT Energy Initiative report on transforming the US transportation system by 2050 to address climate challenges

Stay Connected