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Lloyd Distinguished Service Professor in Economics, and José-Luis Cruz of Princeton University assesses the local social cost of carbon (LSCC) and how that cost aligns with the carbon reduction pledges countries made under the Paris Agreement. It measures the social cost in US dollars of adding a ton of CO 2 to the atmosphere.
However, the cost of CO 2 reduced was comparable or lower than that achieved through less cost-effective policies such as the tax subsidy for electric vehicles, the analysis concluded. Cost per job created. Cost per ton of carbon reduced. Click to enlarge. Click to enlarge. million, or 0.7 million tons.
A recent study from Technische Universität Dresden (TU Dresden) commissioned by the Greens/European Free Allianace (EFA) in the European Parliament concluded that the cars used within the EU-27 externalize up to about €373 billion (US$493 billion) per year (high estimate) of costs on to other people, other regions and other generations.
The study provides a comprehensive analysis of the cost and greenhouse gas (GHG) emissions of a variety of vehicle-fuel pathways; the levelized cost of driving (LCD); and the cost of avoided GHG emissions. Selected fuel pathways were constrained to those deemed to be nationally scalable in the future. vehicle subsidies).
A new study published by US Department of Energy’s (DOE) Argonne National Laboratory offers the most complete understanding yet of the costs of owning and operating a vehicle, and how those costs vary by powertrain, from the conventional to the cutting-edge.
Comparative levelized cost of electricity in 2025 ($/MWh) at different CO 2 prices. Representative costs are reported in constant December 2010 US dollars. LCOE calculations are based on assumptions regarding future unit operations, operating costs, fuel prices, financing terms, and inflation. Source: EPRI.
An economic study by research group Steer, and commissioned by T&E, looked at future operating costs of hydrogen planes on intra-European flights and found that they could be an efficient, cost competitive technology to decarbonize the sector, provided kerosene is taxed adequately. (If GJ—approximately €0.37/L.)
After the US federal tax credit is applied, the cost of the Fisker Ocean drops to a starting price of US$29,999 (US). More details on future Fisker models will be shared throughout 2020. Fisker is pricing its new Ocean electric SUV with an MSRP of US $37,499. —Henrik Fisker, chairman and CEO – Fisker Inc.
million) to two UK fuel cell companies—ACAL Energy and ITM Power—to help deliver a step change reduction in the cost of the technology to about $35/kW. Production of advanced automotive fuel cell systems currently under development globally are forecast to cost approximately $50/kW at mass manufacture volumes. ACAL Energy.
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. Click to enlarge.
What Californians pay is much higher than the true marginal cost of using electricity. This puts an unnecessary cost burden on low- and middle-income households as we transition to using clean electricity. Lower- and middle-income households are bearing a far greater cost burden for the state's power system than seems fair.
per gallon US) subsidy and fuel excise and value-added tax exemptions, and ( b ) a prospective future scenario with no form of government support measures. In 2011, China contributed 29% of world carbon dioxide emissions and therefore the country has a significant potential to influence the present and future global energy situation.
Source: “Hidden Costs of Energy”. When such market failures occur, a case can be made for government interventions—such as regulations, taxes or tradable permits—to address these external costs, the report says. Source: “Hidden Costs of Energy”. Damages are expressed in cents per VMT (2007 USD). Click to enlarge.
The Strategy and Roadmap provides a snapshot of hydrogen production, transport, storage, and use in the United States today and a vision for how clean hydrogen will contribute to national decarbonization goals across multiple sectors in the future. It also complements the massive $9.5-billion
The future acceleration of HFCEVs is likely not about the vehicles and fueling but resides mostly on the creation and distribution of the hydrogen itself.??. Many factors will influence this, including emissions regulations, infrastructure, hydrogen availability and total costs of ownership. of hydrogen adoption in 2030.
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.
A new study by an expert working group at the UK’s Royal Academy of Engineering examines a wide range of possibilities for future, lower-emitting and cost-effective ship powering options. It means that the industry must prepare for the new future and investigate alternative, more economic ship propulsion systems.
Though there are some exceptions to these positive results for some of the diesel versions of vehicles from a total-cost-of-ownership perspective, the overall direction of the results supports the idea that diesel vehicles are competitive within the U.S.
An analysis of the expected emissions performance and total cost of ownership for the ClearFlame business model versus diesel, CNG, BEV, and FCV options in the over-the-road heavy-duty truck market presented in this paper indicates that: The TCO of ClearFlame-based trucks could be, on average, $0.08 EGR and air flow component modifications.
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. per year in recent years.
14 April 2025 Read next The Automotive Update: UK government steps up support of EV industry 11 April 2025 Read next Used-car market continues to struggle in Poland 10 April 2025 Read next EVs inspire growth in Italys new car market 09 April 2025 The manual gearbox faces an uncertain future. Autovista24 web editor James Roberts investigates.
Pie charts show the proportion of different types of energy sources generating power and flowing between load areas if there were a carbon tax of $70 per ton. Decarbonization of the electric power sector is critical to achieving greenhouse gas reductions that are needed for a sustainable future. Click to enlarge. —Daniel Kammen.
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.
The US Department of Energy (DOE) intends to issue $750 million in funding to reduce the cost of clean-hydrogen technologies. ( DE-FOA-0002921 ) The activities to be funded under this FOA support Sec. Research, develop, and demonstrate innovative and practical approaches to increase the reuse and recycling of clean hydrogen technologies.
The study, in press in the Journal of Power Sources , examines the efficiency and costs of current and future EVs, as well as their impact on electricity demand and infrastructure for generation and distribution, and thereby on GHG emissions. Derive GHG emissions and costs of charging of EVs in the 2015 Dutch context and.
A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. We need both a policy like a carbon tax and to put more R&D money into renewables.
Assessing plant sizes of 2,000, 10,000, and 35,000 dry tonnes per day of biomass at 8% return on capital, they found required sales prices (exclusive of tax) of $3.30, $2.40, and $2.06 per gallon, respectively.
The report, “ Advancing Vehicle-to-Grid Technology Adoption ,” calls on policy makers to “future-proof” electric vehicles and charging infrastructure to ensure that the US is poised to take advantage of V2G’s benefits, including enhanced critical infrastructure resilience and emergency preparedness. Develop a national V2G Roadmap.
As outlined by the President, the proposal relies upon tax reform for about half of its funding—i.e., closing some tax loopholes and changing how businesses are taxed, resulting in about $150 billion. TIGER Discretionary Grants may be used for up to 80% of the costs of a project. intermodal projects.
Air pollution from the 10,000 largest polluting facilities in Europe cost citizens between €102–169 billion (US$135–224 billion) in 2009, according to a new report from the European Environment Agency (EEA) which analyzed the costs of harm to health and the environment caused by air pollution. Log scale) Source: EEA.
Orion Township approved General Motors’ (GM) request for a tax rebate on its proposed $1.3 According to GM’s official application for the tax rebate: “The proposed investment is primarily for the construction of several additions and land improvements to support electric vehicle production.”
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.
Research indicates that people heavily discount the value of future gains; sticker-price premiums typically will be difficult to overcome with fuel-savings promises alone. Some research has shown that purchase rebates can be more effective than income-tax credits, the committee noted.
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. Future of Mobility Roadmap.
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?
In addition to examining the scope of the challenges, the report makes a number of recommendations to address them, including: Establish tax credits for installing automotive-grade batteries in stationary applications to help drive scale and contribute to reducing battery cost. Extend consumer tax credits for home charging equipment.
One way to lower the cost of solar power is to dramatically reduce the thickness of light-absorbing layers in solar cells. Will drivers buy more environmentally friendly vehicles in response to information about present benefits rather than future environmental gains? Ultrathin Light Absorbers for Solar Cells.
A key barrier to achieving RFS2 is the high cost of producing biofuels compared to petroleum-based fuels and the large capital investments required to put billions of gallons of production capacity in place. As of 2010, biofuel production was contingent on subsidies, tax credits, the import tariff, loan guarantees, RFS2, and similar policies.
The firm said that in the third quarter of 2017, the “average operating cost per barrel has broadly remained the same without any efficiency gains.” Not only that, but the cost of producing a barrel of oil, after factoring in the cost of spending and higher debt levels, has actually been rising quite a bit.
Support for policies on soft measures to encourage alternative modes, such as improved public transport, was higher than measures that would increase the cost of car travel. Increasing tax on gasoline was supported by 10% of respondents in 2009, lower than in 2006 (14%). Almost exactly the same proportion disagreed with this.
This makes it more complicated to predict future technology trajectories, and has important implications for carmakers' strategies and government policies.a High entry costs may exist for new technologies, and therefore lead to high cost of switching to these new technologies for users. The issue of equity is also important.
The Public Advocates Office at the CPUC estimates that households without NEM systems pay $67 to $128 more per year, depending on the utility, due to the costs of the NEM 1.0 Only the wealthiest Californians will be able to afford rooftop solar, shutting out schools, small businesses, and the average family from our clean energy future.
This time-dependent model would likely show interesting results, such as the early “over-building” of infrastructure like CO 2 trunk lines, in order to accommodate larger capture and storage volumes in the future. In addition, future work should account for the co-benefits associated with CO 2 utilization (e.g.,
Production capacity must be established, and technology, vehicle cost and infrastructure barriers must be addressed to achieve large-scale market introduction. This report provides a progress update toward achieving the goal: The status of vehicle sales and future production volume estimates. Earlier post.).
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