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A study by a team from the George Washington University finds that not all financial incentives are created equal in the eyes of prospective car buyers, and the current federal incentive—a tax credit—is, in fact, valued the least by car buyers. The current federal electric vehicle tax scheme is a pain.
A new report from MIT’s Joint Program on the Science and Policy of Global Change suggests that a tax on carbon emissions could help raise the money needed to reduce the US deficit, while improving the economy, lowering other taxes and reducing emissions. They found that the tax would raise $1.5
Researchers at Argonne National Laboratory, with colleagues from Lawrence Berkeley, Oak Ridge, and National Renewable Energy labs, and the University of Tennessee, have published a comprehensive analysis of the total cost of ownership (TCO) for 12 sizes of vehicles ranging from compact sedans up to Class 8 tractors with sleeper cabs.
Purchase incentives are an important tool for increasing EV adoption, but the current federal tax credit may not be the most effective, according to a new George Washington University study.
Direct transportation (fuel) taxes generate the greatest reductions in CO 2 emission from transportation, achieving CO 2 emissions at 86% of 2005 levels by about 2025. The largest reductions in GHG emissions from transportation are obtained by increasing the cost of driving with fuel taxes, resulting in lower emissions in 2030 than in 2010.
Depending on location, some consumers may purchase the 2013 LEAF for as low as $18,800 with qualifying federal and state tax credits, putting the LEAF on par with gas-powered vehicles of its size. Eligible consumers can take advantage of a $7,500 federal tax credit, and some states and municipalities offer additional incentives.
Georgia has a tax credit worth up to $5,000 for zero-emissions vehicles. San Diego ranks in the top LEAF cities for many of the same reasons in other California and West Coast markets: state tax incentives, HOV/HOT access and general environment-mindedness. area, Maryland offers a $1,000 EV tax credit. Chicago and Denver (tied).
A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. In some cases, dealers outright discouraged PEV purchases.
MW solar park at Chattanooga is owned and operated by Silicon Ranch; VW has signed a 20-year power purchase agreement. A 2012 University of Tennessee study found that Volkswagen’s presence created more 12,000 full-time jobs and is responsible for $643 million in annual income in the area, as well as, $53.5 Click to enlarge.
ClearFlame’s solution, grounded in technology developed during doctoral studies at Stanford University and validated using more than $3 million in grant funding, addresses this problem by elevating combustion temperatures in order to enable use of non-traditional fuels without sacrificing performance.
Federal subsidies and policies to encourage plug-in vehicle adoption would produce more benefits at lower cost by targeting the purchase of vehicles with small battery packs, according to Jeremy J. Earlier post.). —Michalek et al.
A working paper by a team at the Energy Institute at Haas, University of California, Berkeley, has found that 60% of the $18 billion in US federal income clean energy tax credits issued between 2006 and 2012—e.g., Average credit per tax return, by income level. Electric Vehicle Credit. Source: Borenstein and Davis.
New study finds the current tax credit scheme for encouraging electric vehicle purchases is less valuable to car buyers and less equitable WASHINGTON — Financial incentives play an important role in the widespread adoption of electric vehicles.
The American Recovery and Reinvestment Act of 2009 (ARRA) provides a tax credit of $2,500 per PHEV sold (minimum 4kWh capacity) and an additional $417 for each additional kWh of battery capacity in excess of 4 kWh. A more efficient way to address negative externalities is to apply Pigovian taxes (e.g., Current Federal subsidies.
l/100 km) to purchase a Clean Air Vehicle Sticker for $8, allowing them to drive on carpool lanes regardless of the number of occupants in the car. Between August 2005 and June 2011, California law allowed owners of hybrid vehicles achieving at least 45 mpg (5.2
The task of the committee of experts and stakeholders writing the report was (1) to identify market barriers slowing the purchase of PEVs and hindering the deployment of supporting infrastructure in the United States and (2) to recommend ways to mitigate those barriers.
In a paper published in the journal Energy Policy , Erin Green of Green Energy Consulting; Steven Skerlos of the University of Michigan; and James Winebrake of the Rochester Institute of Technology argue that current US policies intended to promote the uptake of plug-in electric vehicles haven proven inefficient and ineffective.
Because changes in fuel economy take a long time to percolate through the entire fleet, an 18% reduction in fuel used by vehicles purchased in a given year (due to a 20% improvement in their fuel economy) would result in only about a 1% reduction of the fuel used by the entire fleet.
A new study by a team from Aarhus University in Denmark has found that car dealerships pose a significant barrier to electric vehicle adoption at the point of sale due to a perceived lack of business case viability in relation to gasoline and diesel vehicles. Their study is published in the journal Nature. outside of Norway.
2025, this would require an average tax (or fee) of $500 per vehicle for all vehicles sold (projecting sales of 1 billion vehicles)—slightly higher if PEVs are not charged a fee. Thus a $500 tax would still allow consumers to keep 3?4 For a PEV subsidy of $500 billion from 2015?2025, 4 of fuel economy-related savings.
A team at Arizona State University has analyzed the five-year Total Cost of Ownership (TCO) for representative electric, hybrid, and conventional vehicles—the Nissan Leaf (BEV), Toyota Prius (HEV), and Toyota Corolla (ICEV)—in 14 US cities from 2011 to 2015.
Canadian government programs that offer rebates to hybrid vehicle buyers are failing to produce environmental benefits commensurate with the cost, according to a study by researchers at the University of British Columbia (UBC). So for the majority, rebates are not changing behavior—they are subsidizing planned purchases.
The Responsible Battery Coalition, in partnership with the University of Michigan Center for Sustainable Systems, launched a comprehensive research project to compare the total cost of ownership of gas and electric vehicles (EVs). Gregory Keoleian, Director of the Center for Sustainable Systems at the University of Michigan.
Examples include office buildings, universities, schools, and hospitals. Charge Ready NY rebates can be combined with New York State’s 50% tax credit for installing charging stations. The tax credit is applied after the rebate amount received from NYSERDA. This new initiative supports the Governor’s Charge NY 2.0
The researchers found that focusing on the behavioral aspects of consumers in vehicle purchase decisions is key to encouraging the rapid uptake of plug-in hybrid vehicles, battery-electric vehicles, and hydrogen fuel cell vehicles. However, carbon taxes can be critical in pushing electricity providers to decarbonize their operations.
Provide state tax credit for vehicles ($2,500/16 kWh vehicle) and charging equipment and installation at home/multi-family home/workplace/public (up to $3,000/home; $30,000/other site with 10 charge ports). Eliminate state sales tax on vehicle purchase; Commit/fund government fleet purchases (200 vehicles).
A team at Arizona State University has analyzed the five-year Total Cost of Ownership (TCO) for representative electric, hybrid, and conventional vehicles—the Nissan Leaf (BEV), Toyota Prius (HEV), and Toyota Corolla (ICEV)—in 14 US cities from 2011 to 2015.
Without significant additional policy interventions to induce market penetration of breakthrough passenger car and aircraft technologies, the overall European (EU27) greenhouse gas (GHG) emissions reduction goals for 2050 will be difficult to meet, according to a new study by researchers from the University of Cambridge, Stanford University and MIT.
Meanwhile, a more cautious stance prevails with regard to the timing of a vehicle purchase. To improve the passenger car use environment, survey responses indicated that reducing auto-related taxes, streamlining driver’s-license acquisition procedures and improving road transport infrastructure would be effective.
The first character of the scenario represents the price of gasoline at simulation termination, the second represents “yes” or “no” on a manufacturer subsidy, and the third represents “yes” or “no”on a sales tax exemption. However, the trend toward purchasing more fuel efficient vehicles is not observed for PHEVs. Click to enlarge.
The bill does not restrict who can hold an allowance, nor does it restrict the purchase, sale, or any other transactions involving allowances. The bill provides assistance to those Americans who may be disproportionately affected by potential increases in energy prices through tax cuts and an energy refund program.
The report, authored by experts from Aberdeen University, Imperial College and E4tech Consulting, finds that Government must do much more than promote electric cars if it wants rapid and deep cuts in transport emissions. It also discusses fuel taxes and prices, which affect both travel and vehicle choices.
Now transit agencies and otherinstitutions can purchase Proterra battery-electric buses and Proterra charging systems through the state’s pre-established contract. Further, transit agencies and other institutions outside of California can leverage the California statewide contract to simplify the process of purchasing electric buses.
However, this stated principle does not preclude mandatory universally applicable taxes or fees to finance the system, according to DOT. Functionality of the system requires compliance with nationwide, universally accepted non-proprietary communication and performance standards. Technical Functionality.
China has made progress with automotive energy-saving technologies over the past 10 years through implementing passenger car fuel consumption limits and the use of fiscal policy to encourage the purchase of small cars, the government statement noted. This area also includes exploration of different business models for recharging.
The University of California, Davis, and the China Automotive Technology and Research Center (CATARC) have entered a new agreement to work together to help speed the commercialization of plug-in and fuel cell electric cars in China. The Chinese government also recently announced new financial incentives for electric car purchases.
The majority of EV purchasers eligible for a federal tax credit have gotten the credit as a point-of-sale rebate since that option was added at the beginning of the year, The Treasury Department said in a press release. The tax credit can be claimed on Teslas at the time of purchase via its company-owned direct sales apparatus.
A new study sponsored by Indiana University concludes that President Obama’s vision of one million plug-in electric vehicles (PEVs) on US roads by 2015 will require concentrated efforts action from all stakeholders— the auto industry, federal government, the scientific community, and consumers—to be realized. Market Drivers.
The high rate of adoption is driven by the low purchase price and operating costs of electric cars with switchable batteries. In Becker’s analysis, eliminating the need for the consumer to purchase the large battery pack upfront makes the purchase price of an electric car competitive with that of an internal combustion vehicle.
Earlier today, we reported on a tip by EV Universe , which found that The Boring Company had a password-protected webpage for the new perfume. It is listed for $100 with tax and domestic shipping included in the price. The finest fragrance on Earth! link] pic.twitter.com/0J1lmREOBS. — Elon Musk (@elonmusk) October 11, 2022.
air emissions and oil displacement benefits) in the near term per dollar spent than PHEVs and battery-electric vehicles (BEVs) with large battery packs providing longer electric range, according to a new study by Carnegie Mellon University’s Jeremy J. Michalek and colleagues. —Michalek et al. Policy implications. Click to enlarge.
From the article: ‘The New York study anticipates that by 2015, electric vehicle prices should decline because of reduced battery costs, that there will be a sufficient supply of electric vehicles to purchase, and that consumers will take advantage of the existing federal tax credit of $7,500 for new electric cars. Or No Cars?
BP and Rosneft have also agreed to establish an Arctic technology center in Russia which will work with leading Russian and international research institutes, design bureaus and universities to develop technologies and engineering practices for the extraction of hydrocarbon resources from the Arctic shelf. It produces some 2.4
VED circulation tax: Increased differentiation reduces VKT for all cars by 4.8%. Car purchasetax and ‘Feebate’ systems based on fuel consumption: Reduces VKT for all cars by 4%. Under the MI Scenario, road and rail are projected to become carbon neutral (rail via 100% electrification).
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