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A study by University of Chicago economist Esteban Rossi-Hansberg, the Glen A. 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.
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
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 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 gasoline taxes. on-board diagnostic [OBD] devices).
However, a new study by researchers at the University of Gothenburg (Sweden) finds that middle- and high-income earners are generally affected the most by gasoline taxes, especially in poor countries, rather than poor people. Petrol taxes are effective and actually don’t affect poor people disproportionally.
A carbon tax with revenues used to fund renewable energy programs gained support from 60 percent of Americans, according to a University of Michigan poll. The survey also found: A revenue-neutral carbon tax, in which all tax revenue would be returned to the public as a rebate check, received 58% support.
The researchers argue for a global economy-wide greenhouse gas tax that spreads the burden of responsibility. The researchers tested various levels of emission reduction plans—a global carbon tax of $10, $30 or $50. The various taxes would slow warming to 3.5,
A national phone survey by the Mineta Transportation Institute (MTI) found that a majority of Americans would support higher taxes for. The survey results show that very low support levels for a one-time gas-tax increase or a new mileage tax can be raised by modifying how the tax is structured and the way it is described.
Norway) had independently imposed a carbon tax in the 1990s as part of their effort to reduce carbon emissions. The team reports that on the whole neither the carbon tax nor the cap-and-trade system appears to have been very effective in achieving the goals of Kyoto during the period studied. —Freedman et al. Freedman, M.,
Minor changes to an existing Federal tax incentive for second-generation biofuels (i.e., The study identified four specific changes to the US tax code that could help accelerate the commercialization of second-generation biofuels. Harmonizing definitions of eligible pathways between this tax credit and the RFS2.
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 gasoline tax. These funding sources support construction and maintenance of the highway system.
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.
In a study published in Nature Climate Change , an international research team reports finding limited evidence that individual or household rebates have increased public support for carbon taxes in Canada and Switzerland. 2022) “Limited impacts of carbon tax rebate programmes on public support for carbon pricing.” Mildenberger, M.,
A new study by economists at Oregon State University questions the cost-effectiveness of current biofuels and says they would barely reduce fossil fuel use and would likely increase greenhouse gas emissions. Likewise, a gas tax increase would be 21 times more effective than promoting cellulosic ethanol. —Bill Jaeger, lead author.
million in Excelsior Jobs Program tax credits in exchange for job creation commitments for the iM3NY project. Shailesh Upreti who has previously worked with Distinguished Professor Stanley Whittingham, a Nobel laureate for his work on lithium-ion battery development and a resident professor at Binghamton University.
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.
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. —Future of Mobility Roadmap. Myth Busting.
It appears that Tesla CEO Elon Musk is now looking to start a school, eventually expected to expand into a university in his home state of Texas. The filing also says that Musk will eventually look to expand the schools to include a University once the primary and secondary schools are operational.
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.
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.
Elon Musk has confirmed on Twitter that his 2021 tax bill will be around $11 billion, thanks to his sale of Tesla stock this year. The news agency noted that the figures could represent “the single tax bill ever,” thanks in part to Musk’s combined tax rate of 53%. .
Its board of directors, the private investment instruments it sets up, and the necessary tax changes should ideally be approved by referendum and could be annulled only by another referendum, the goal being to build the necessary level of confidence, they suggest. Diagram: Isabelle Plat. Click to enlarge.
Experts say that the Tesla CEO has already sold more shares than he needs to pay his current tax obligations. . million shares, worth about $3 billion, to pay taxes on three tranches of stock options he exercised this week. Since he exercised his options and immediately sold his shares, the gain is taxed as ordinary income.
A new study from the REPEAT Project led by Princeton Universitys ZERO Lab warns that the repeal of Inflation Reduction Act (IRA) tax credits could decimate the growing EV manufacturing sector.
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).
million in tax credits to four battery companies announcing plans to invest more than $1.7 The four companies receiving the tax credits and announcing plant plans are Johnson Controls-Saft Advanced Power Solutions LLC; KD Advanced Battery Group LLC; A123Systems Inc.; The MEGA board approved a state tax credit valued at $44.6
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.
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.
A German-US collaboration including OH-Energy Germany, GmbH; the University of Delaware; Fraunhofer ICT; and Leibniz Institute for Polymer Research released initial results demonstrating 616 mW/cm 2 peak power density at 80 °C for a hydroxide (OH - ) exchange membrane (HEM) fuel cell. Earlier post.). OH Energy, Inc. Fuel Cells Hydrogen'
Three different carbon tax scenarios are analyzed: no carbon tax, $55/metric ton carbon tax and $110/metric ton carbon tax. The impact of the chosen carbon tax is found to be limited relative to the impact of the H2 source on the H 2 Bioil break-even price.
However, argues a team from the University of Minnesota in an open-access paper published in the journal Energy Policy , once the “fuel market rebound effect” is factored in, RFS2 actually increases GHG emissions when all fuel GHG intensity targets specified under the act are met. However, politics often stands in the way of good policy.
Efforts to shift away from fossil fuels and replace oil and coal with renewable energy sources can help reduce carbon emissions but do so at the expense of increased inequality, according to a new study by researchers at Portland State University (PSU) and Vanderbilt University.
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.
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 million annually in state and local taxes. In 2012, the factory produced more than 152,400 cars.
With the adoption of new electric circuit technology developed in cooperation with Nagaoka University of Technology and by leveraging technology used in Nissan manufacturing and R&D, the new unit costs ¥598,500 (US$7,700) including tax for the base grade, which is below half the price of the current unit.
and Suzhou Automobile Research Institute at Tsinghua University have signed a Memorandum of Understanding, in which the two parties have agreed to promote a cooperative effort regarding the research of future automotive technology. For years, Tsinghua University and Nissan have had a long partnership that has yielded great results.
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.
Speaking at the at the University of Toronto’s Hart House Alumni Dinner Series, Canada Minister of Natural Resources, Joe Oliver, emphasized the pivotal role that Canada’s oil sands will continue to play in the country’s energy future.
UK-based Axon Automotive, a spin-off from Cranfield University, previewed a pre-production plug-in hybrid electric vehicle (PHEV) version of its lightweight city car at the Milton Keynes Science Festival. This is half the level needed for free annual road tax in UK for this car (band ‘A’ is below 100 g/km of CO 2 = zero road tax in the UK).
The economists suggested several alternatives: Instead of letting the solo-driver hybrids into rush-hour carpool lanes, the state should provide a tax credit for hybrid vehicles, much like the federal government. Thus, carpooler congestion costs substantially outweigh the green benefits of hybrids, the researchers concluded.
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.
Researchers from the University of Iowa report the initial results of a 2-year field study evaluating the technical feasibility and user acceptance of mileage-based charging as a potential replacement for the current motor fuel tax in a paper in Transportation Research Record: Journal of the Transportation Research Board.
Among their initial findings: PEV buyers universally report lower satisfaction with the dealer purchase experience than buyers of conventional vehicles. For example, eligibility for all or a portion of the federal tax credit is based on the customer’s tax liability, a consideration that is typically unknowable until tax time.
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