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

Green Car Congress

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.

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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.

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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

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 billion through 2019. Indirect effects.

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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

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.

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

Green Car Congress

However, the report also identifies some areas that could either decelerate or accelerate the growth of ZEV sales. The Road Ahead for Zero-Emission Vehicles in California: Market Trends & Policy Analysis analyzes California’s ZEV market, including historic sales, costs, technology trends, forecasts and challenges.

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

Green Car Congress

This scenario includes GHG emissions, vehicle sales, fuel consumption, carbon intensity, and changes in VMT. The scenario analysis includes an estimate of the total costs of the LC1 compared to the BAU scenario. Zero emission vehicles: In the low carbon scenario, vehicle sales are 100% ZEV by 2040. Key policy strategies.

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Switching to electric cars ‘could increase emissions’

Green Cars News

The report found that whilst there were significant potential environmental benefits to be had from a switch to electric vehicles, these were wholly dependent on changes in the way electricity was generated, energy taxed and CO2 emissions regulated. Popularity. On-board metering of electricity use would be a key requirement.