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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.
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.
Self Financial, a fintech company, has compared the running costs of electric and non-electric vehicles in each state. Across the US the average annual cost of running an electric vehicle is $2,721.96, while gasoline vehicles cost an average of $3,355.90 per year to run—a difference of $633.94
A tax on frequent flying could generate revenues needed to deeply decarbonize aviation through midcentury while concentrating the cost burden on those who fly the most, according to a new study from the International Council on Clean Transportation. Source: The ICCT.
The Dutch Cabinet on Friday approved a new road tax bill that would eliminate the current motor vehicle tax and purchase tax and replace them with a charge per kilometer driven, starting in 2012 and increasing through 2018. The average rate for a car is expected to be: Dutch Mileage Tax. 2013 2014 2015 2016 2017 2018.
A bi-partisan Congressionally-created commission has recommended a shift from motor fuel taxes to direct fees charged to transportation infrastructure users—i.e., a federal mileage fee—as a way to reform financing of the US transportation infrastructure. The nation faces a crisis. of GDP today.
introduced the latest in a series of discussion drafts to overhaul the US tax code. This new staff discussion draft focuses energy tax policy on stimulating domestic, clean production of electricity and transportation fuels, which account for 68% of energy consumed in the US. Senate Finance Committee Chairman Max Baucus (D-Mont.)
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).
US Transportation Secretary Anthony Foxx joined President Barack Obama to announce that $600 million will be made available to fund transportation projects across the country under a sixth round of the US Department of Transportation’sTransportation Investment Generating Economic Recovery ( TIGER ) competitive grant program.
The report, A Paradigm Shift Towards Sustainable Low Carbon Transport , finds that more than $1.5 trillion is spent annually on transport globally, mostly in ways that exacerbate rather than solve the problems associated with traffic growth, including congestion, health-harming air pollution, accidents, energy insecurity, and climate change.
Cost of carbon abated for transport applications. Implementation of Bio-SNG will only take place with the appropriate tax, incentive and legislative environment. This saving is similar for both conventional heating and transport applications. Cost of carbon abated. Click to enlarge.
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”.
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. Future increases in the state fuel tax would follow the Consumer Price Index.
The US has up to now adhered to the user-fee principle in financing transportation infrastructure—i.e., users pay for the construction and maintenance of roads via a federal fuel tax. The demand for new roads and the cost of expanding and maintaining the transportation system have increased with population and economic growth.
CO 2 emissions from transportation sector by scenario in the study. Economy-wide CO 2 prices of $30-60/t CO 2 are too weak on their own to motivate significant reductions in CO 2 emissions from transportation. The key to obtaining significant reductions in transportation-related GHG emissions is to increase the cost of driving.
You can now buy the Tesla Model 3 Long Range in the United States and get the full $7500 federal tax credit. That is, of course, if you have that much tax liability. Consult a tax professional before counting on the full $7500 if you are not sure of your.
A new Rasmussen Reports national telephone survey finds that just 33% of likely US Voters would favor a modest increase in the gas tax even if they knew the revenue would be used only to pay for building, maintaining and repairing the Interstate Highway System. 74% of Americans oppose raising the gas tax to meet new transportation needs.
A report prepared by ISIS (Institute of Studies for the Integration of Systems - Italy) together with Tecnalia (Spain) for the European Parliamentary Research Service (EPRS) discusses the technological, environmental and economic barriers for producing methanol from carbon dioxide, as well as the possible uses of methanol in car transport in Europe.
An new study from the Smith School of Enterprise and the Environment at Oxford University suggests that best way to reduce transport greenhouse gas (GHG) emissions in the short term is a “drastic downscaling of both size and weight” of conventional gasoline and diesel cars.
They also compared their costs and effectiveness to two alternative policies: an increase in the gas tax and the implementation of energy efficiency improvements. Likewise, a gas tax increase would be 21 times more effective than promoting cellulosic ethanol. —Bill Jaeger, lead author.
California Governor Gavin Newsom has signed AB 784 into law, thereby exempting zero-emissions transit buses from state sales tax until 2024. Bus”—a rubber-tire vehicle with a gross vehicle weight rating greater than 14,000 pounds designed to transport passengers by road.
Source: “Hidden Costs of Energy”. The damages the committee was able to quantify were an estimated $120 billion in the US in 2005, a number that reflects primarily health damages from air pollution associated with electricity generation and motor vehicle transportation. Source: “Hidden Costs of Energy”. 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. Source: DOE. It also complements the massive $9.5-billion It also complements the massive $9.5-billion
The poorest 10% of car-owning households in the UK—some 830,000—are spending at least 27% of their disposable income on buying and running a vehicle and are thus “ mired in transport poverty ”, according to a new analysis by the RAC Foundation. It lays bare the truth about the extent of transport poverty in the UK.
Accenture has identified 12 technologies that it concludes have the potential to disrupt the current views of transport fuels supply, demand and GHG emissions over the next 10 years. The biggest challenge is in the deconstruction stage, with high costs for pretreatment and enzymes. Source: Accenture. Click to enlarge. Waste-to-fuel.
A team of transportation and policy experts from the University of California released a report to the California Environmental Protection Agency (CalEPA) outlining policy options to significantly reduce transportation-related fossil fuel demand and emissions. Doing so requires urgent actions and a long-term perspective.
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. These data were then used as inputs to a techno-economic model using AspenPlus to determine the production cost of bioethanol from bamboo in China. Click to enlarge.
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.
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. Tackling road transport energy use is vital to enhancing energy security and reducing carbon dioxide emissions globally. Policy package.
The Pennsylvania Department of Environmental Protection (DEP) is accepting grant applications for innovative, advanced fuel, and vehicle technology projects that will result in cleaner advanced alternative transportation within the commonwealth. The AFIG Program is funded by annual gross receipts tax on utilities.
Many factors will influence this, including emissions regulations, infrastructure, hydrogen availability and total costs of ownership. Incentives, grants, credits, tax breaks will be around for a while. Truck production volumes versus zero-emission target dates will require zero-emission transport financial help for some years.
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.
Combined with the increasing scarcity and cost of energy resources, it is therefore vital to develop a range of technologies that will ensure the long-term sustainability of mobility in Europe. After 2025, the total cost of ownership (TCO) of all the powertrains converges.
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. Indirect effects.
However, EV enthusiasts are interested in the potential reintroduction of the EV tax credit, which is set to increase to a possible payout of $12,500 per electric car from the previous $7,500. The EV tax credit has been speculated upon since early 2021 as the terms of the incentive were still in the early stages of being determined.
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 Manganaro and Adeniyi Lawal (2012) Economics of Thermochemical Conversion of Crop Residue to Liquid Transportation Fuel. per gallon, respectively.
A crude oil price of US$100/bbl results in an approximate cost of €0.56/L gallon US) without tax for conventional motor fuel. The pyrolysis oil is mixed with pyrolysis coke from the process to create a biocrude slurry for transport and subsequent gasification to syngas and subsequent catalytic conversion to chemicals and/or fuels.
Reducing the cost of electric vehicles. 10,000/KWh with an increase in cap from 20% to 40% of the cost of the vehicle from 11th June 2021, thus enabling the cost of Electric two-wheelers at par with that of ICE two-wheeler vehicles. The demand incentive for electric two-wheelers has been increased to Rs. 15,000/KWh from Rs.
The hydrogen is combined with CO 2 to produce methane, which is pumped into and stored in the existing natural gas grid and used like natural gas for use in power generation, transportation, or other thermal and industrial uses. This would help speed up the return on investment in VGV for the development costs of the energy transition.
Although innovations in vehicle and fuel technology will have a substantial effect on reducing greenhouse gas emissions from transportation in the US, those gains will largely be offset by increases in travel along with growth in the US population, according to a new report from transportation consultancy Cambridge Systematics.
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.
Tesla is seeking lower import taxes on electric vehicles in India by writing to the country’s government ministries. Producing vehicles domestically within India’s borders is most ideal for companies and customers as import duties can double the cost of a vehicle. Don’t hesitate to contact us with tips!
The results are published in the journal Transportation. We argue that assessment of the performance of the EU targets and alternatives should account for interactions of the transport sector with other energy sectors and with other parts of the economy. —Paltsev et al.
The transition to transportation electrification reduces dependency on oil and improves energy and national security. The technology can help accelerate the adoption of EVs by unlocking these and other new value streams for EV owners and mitigating the total cost of ownership. But policymakers must act now.
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