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What effect will lower tax credits on Tesla and GM plug-ins have? Twitter poll results

Green Car Reports

For a bunch of electric-car owning acolytes, our readers are surprisingly sanguine about the reduction and eventual expiration of plug-in tax credits on electric-car sales. We've reported extensively on the expiring tax credits, which will affect models from Tesla and GM in 2019.

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DOE: US gasoline taxes dropped below 20% of total price in 2015

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Fuel taxes 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). By comparison, in France, Germany, and the United Kingdom, taxes accounted for more than half of the total price for both 1990 and 2015.

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Mn/DOT assessing potential for mileage-based user fee to replace fuel tax; Battelle conducting technology assessment

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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.

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Concepts for an “Energy Security Trust” reach back to President Carter

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Then, President Carter signed a message to Congress asking for the passage of a windfall profits tax—the source for the fund—and the establishment of an energy security trust fund, calling it “ one of the most important legislative proposals of my administration. ”. Much later, in 2007, US Rep. That also died.

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U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

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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.

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EIA: CO2 emissions from US power sector have declined 28% since 2005

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This growth has been driven largely by state policies and federal tax incentives that encouraged adoption of renewables. Over the ten-year-period from 2007 top 2017, the average price of electricity to residential consumers increased 21%—from 10.65¢/kWh to 12.89¢/kWh, according to the EIA. By 2017, that share had grown to 38%.

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Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses

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The first Australian Government to announce a plan for a carbon price was John Howard’s back in 2007. However, where applicable, an equivalent carbon price will be applied through changes in fuel tax credits or excise. Significant tax reform will mean that more than 1 million people will no longer need to file a tax return.