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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 fueltax when targeting an identical reduction in cumulative gasoline use (20% by 2050). —Karplus et al.
According to the Federal Highway Administration, the average fuel economy for all light vehicles on the road today is 22.3 The Federal tax on gasoline is 18.4 cents per gallon, and each state has a gasolinetax, ranging from 8.95 Based on a vehicle with an average fuel economy of 22.3 cents in Alaska to 58.7
In January 2023, state taxes and fees on gasoline and diesel fuel averaged $0.3163 per gallon (gal) of gasoline and $0.3388/gal of diesel fuel, according to the US Energy Information Administration (EIA). These taxes have increased in 13 states since July 2022. gal gasolinetax is restored by 1 May 2023.
A research report submitted to the California Legislature this week by the University of California, Davis’ Institute of Transportation Studies proposes switching EVs to a mileage-based road-funding fee (road user charge, RUC) while continuing to have gasoline-powered cars pay gasolinetaxes. on-board diagnostic [OBD] devices).
Diesel is currently taxed at a lower level than gasoline in Europe; however, since 2011 the EC has been considering reversing that situation by making energy taxes systematically reflect the CO 2 performance of the energy product. A scheme including a decreased gasolinetax could bring about an increase in CO 2 emissions.
The American Petroleum Institute has released its January 2014 update report and maps on gasoline and diesel taxes for all 50 states in the US along with a national average; the information is updated quarterly. Gasolinetaxes, January 2014. Diesel taxes, January 2014. The federal tax on gasoline is 18.40
Although increased gasoline taxation has been proposed as a very effective instrument to reduce greenhouse gas emissions, a common argument against such a measure is that it is regressive—i.e., Petrol taxes are effective and actually don’t affect poor people disproportionally. it hits poor people the hardest.
The Minnesota Department of Transportation (Mn/DOT) will recruit 500 people from Wright and Hennepin counties to take part in research to test technology that could someday be used to collect a mileage-based user fee (MBUF) in lieu of a gasolinetax. —Cory Johnson, project manager.
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.
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.
billion over the next decade through an increase in fueltaxes and vehicle fees—including on zero emission vehicles (ZEVs)—to fix roads, freeways and bridges in communities across California and put more dollars toward transit and safety. billion by increasing diesel excise tax 20 cents (currently $0.13) on 1 November 2017.
The increase brings the gasolinetax from $0.414 to $0.507 per gallon (22.5%). Highway fuels consumption took a significant hit in FY 2020 because of the economic downturn caused by the COVID-19 pandemic. Treasury noted that consumption of gasoline declined by a total of 38.7% —State Treasurer Elizabeth Maher Muoio.
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. It also would repeal a number of current tax incentives, including those for plug-in electric vehicles and fuel cell vehicles.
A new study from the Harvard Kennedy School’s Belfer Center for Science and International Affairs finds that reducing greenhouse gas emissions from transportation will be a much bigger challenge than many assume, and will require substantially higher fuel prices combined with more stringent regulations.
users pay for the construction and maintenance of roads via a federal fueltax. 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. —Huang et al.
The California State Board of Equalization (BOE) will consider lowering the excise tax rate for gasoline by 2.2 If adopted, the excise tax rate on gas will be 27.8 The current excise tax rate of 30 cents per gallon remains in effect until 30 June 2016. cents per gallon from 1 July 2016 through 30 June 2017.
Tesla lobbied the United Kingdom government to raise taxes on gasoline and diesel cars in order to fund higher subsidies for electric cars, The Guardian reported Tuesday.
As sales of electric vehicles begin to reach significant numbers across the US, states are exploring approaches to replace lost tax revenue since EV drivers don’t pay fueltaxes as drivers of gas-powered cars do at gas stations. Unfortunately there is currently no simple and agreed upon best replacement for the fueltax.
If Congress approves the tax holiday, current federal fueltaxes of 24 cents per gallon for gasoline and 18 cents per gallon for. Aimed at providing relief from high gas prices brought on by Russia's invasion of Ukraine, the policy is already drawing skepticism.
Based on our current projections, the well-to-wheel emissions advantage of EVs over ICE-propelled vehicles, currently estimated at 40 to 60 percent, will fall to 30 to 50 percent in 2020 as advances in ICE technologies narrow the gap and power generation from clean non-fossil fuels continues to grow slowly in most regions. Source: BCG.
(Since some 36% of diesel is used off-road, such as on farms, by manufacturing, industrial and commercial ventures, and boats, a fueltax for road use would impose an unfair burden onto these sectors, the government says.). This is equivalent to the two cent per liter increase in gasoline excise duty that will occur on the same day.
The proposal currently excludes vehicles such as the Chevrolet Volt, which can run part of the time on gasoline. Proponents of the surtax argue the fee is needed to offset losses in state gas tax revenues since EV owners don’t need to buy gas. GM believes this proposal is misguided and will hurt sales and market adoption of EVs.
Iowa Governor Terry Branstad signed into law a bill ( Senate File 257 ) which, among other things, raises the state’s fueltax while providing a small incentive for biodiesel. A provision of the bill gives a partial exemption to the new tax for diesel blended with at least 11% biodiesel (B11).
The report, Taxing Energy Use 2018 is based on OECD’s Taxing Energy Use database, a unique dataset to compare coverage and magnitude of specific taxes on energy use across 42 OECD and G20 economies (representing approximately 80% of global energy use), six sectors and five main fuel types. of emissions.
Policies to entice consumers away from fossil-fuel powered vehicles and normalize low carbon, alternative-fuel alternatives, such as electric vehicles, are vital if the world is to significantly reduce transport sector carbon pure-emissions, according to a new study. Share of EDVs in 2050. Click to enlarge. —David McCollum.
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. Transportation pricing: Gasolinetaxes. Active transportation.
At least 10 major energy proposals that would provide incentives for energy efficiency, reduce gasoline usage and support alternative energy have the support of more than two-thirds of Americans, according to a new survey, “The Energy Learning Curve” released by Public Agenda, an opinion research and citizen engagement organization.
In addition, although many experts say that the solution to our energy and climate problems is sending the correct price signals to industry and consumers, the transport sector’s behavior is highly inelastic in that it does not change significantly in response to changes in fuel prices, at least in the range that is politically acceptable.
The Fund is replenished by revenue collected from motor fueltaxes. The situation has worsened with decreasing fuel purchases; the advent of more fuel-efficient vehicles in the future would also further stress the existing funding mechanism. The mainstay of funding is the 18.3-cent-per-gallon
It is tied to perceived quality, the customer’s impression that thought and detail went into the product and sacrifices in one area, seemingly unrelated to fuel efficiency can impact the overall perception. Gasoline may cost between $3-$5 while you own this vehicle. Security isn’t limited to physical security.
President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. He also called on states to suspend their state gas taxes as well or to find other ways to deliver some relief.
But free public charging has caught to attention of local and state governments as a tax revenue generator (or a tax loophole). states now collect an electric fuel excise tax of 2-4 cents per kWH to compensate for fueltaxes lost to EVs. EV charging stations in several U.S.
As both EV adoption increases and internal combustion engine vehicles have become more fuel efficient, states are seeking to offset lost revenue from the gas tax. With states enacting new kWh taxes on EVs and EV charging, we want to make sure you have the right information.
Fueltaxes in the United States in 2015 accounted for 19% of the price of a gallon of gasoline, down from just under 30% in 1990, according to figures compiled by the US Department of Energy (DOE). Japan’s gasolinetaxes were nearly half of the price in those years. Source: DOE. Click to enlarge.
The model also includes representation of fleet turnover, and opportunities for fuel use and emissions abatement, including representation of electric vehicles. Emissions trading or a carbon tax is going to achieve their emissions goals at the lowest possible cost to society.
The Virginia General Assembly is moving forward with legislation ( HB2313 ), that, among its other elements, would abolish the state’s gasoline and diesel fueltaxes and replace them with a sales tax. Currently, both gasoline and diesel carry a $0.175/gallon fueltax. cents-per-gallon tax.
The total cost of purchasing and driving one—the cost of ownership—has fallen nearly to parity with a typical gasoline-fueled car. Then there is the fuel cycle—the activities associated with producing and using the fuel or electricity to power the vehicle through its working life. EVs have finally come of age.
There are many options available for reducing the fuel, energy, and GHG emissions impacts of LDVs. Achieving our overall goal—reducing fleet fuel and energy consumption and GHGs by three-quarters or more—will be extremely challenging. Values normalized to standard naturally-aspirated gasoline engine vehicle.
It effectively allows automakers captive credit companies to capture a $7,500 tax credit for each EV they leaseregardless of the sticker price of the EV or where it was built. 2025 BMW iX That aside, the latest iteration of the EV tax creditfor those who buy rather than leasehas narrowed the number of shoppers and vehicles eligible.
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