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In a study published in the journal Energy Economics , MIT researchers have found that a fueleconomy standard is at least six to fourteen times less cost effective than a fueltax when targeting an identical reduction in cumulative gasoline use (20% by 2050).
As part of a comprehensive reform plan to simplify the Commonwealth of Massachusetts’ transportation system, Governor Deval Patrick is proposing a fueltax increase of $0.19 The increased fueltax is intended to be in lieu of an increase in tolls. per gallon—a 81% increase of the current $0.235 per gallon.
Most Australians now agree our climate is changing, this is caused by carbon pollution, this has harmful effects on our environment and on the economy—and the Government should act. Transport fuels will be excluded from the carbon pricing mechanism. We have had a long debate about climate change in this country.
Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fueleconomy standards for heavy-duty vehicles post-2018. Climate Change Emissions Fuel Efficiency Fuels Heavy-duty Policy'
In spring the Chancellor presents the annual Budget statement, which includes a detailed assessment of the state of the economy and the nation’s finances. In his statement, the Chancellor may announce changes to taxes and new spending measures. This year’s PBR follows the first contraction in the global economy for 60 years.
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 fueltax. In the meantime, cars and trucks have become more fuel-efficient. States use similar mechanisms. —Huang et al.
Minerals and the materials derived from them are at the heart of energy transition strategies, and emerging markets and developing economies are the overwhelming providers. There are also unanswered questions about how to even finance electrification or road construction and maintenance given lost revenues from fuelstaxes, Foss said.
Senate Finance Committee Chairman Max Baucus (D-Mont.) 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.
Member states should consider strategies to compensate for the taxation shortfall from fuels due to higher fueleconomy by, for example, gradually adapting the minimum fueltax level in the EU to increase incentives to shift to higher fueleconomy and to keep total tax paid constant in real terms for both the consumer and the state revenues.
” – March 7, Business Insider via Yahoo Finance. Is EV charging the next gig for the gig economy? “Now the federal government is in a position to look at all electric transportation with that same lens.” – March 2, via TechCrunch. Legislation / Incentives / Policy.
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