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EV tax credit expansion: Automakers ask Congress to revive effort

Green Car Reports

Although an attempted expansion of the federal EV tax credit has failed—multiple times, in recent years—in a renewed effort, automakers are asking Congress to please try again.

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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Green Car Congress

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.

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China exempts consumption taxes on biodiesel retroactive to 1 Jan 2009

Green Car Congress

China has exempted consumption taxes on pure biodiesel made from waste animal fats or vegetable oils. 2009 and taxes already paid will be refunded, according to the Ministry of Finance (MOF) and the State Administration of Taxation. The new policy is effective from 1 Jan.

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Biofuel and Ag organizations call for accountable life cycle analysis for SAF tax credits, DOE to lead

Green Car Congress

In an effort to decarbonize transportation and reduce aviation emissions, Congress is considering new legislation to establish a tax credit to promote and develop robust domestic SAF production. Notably EPA’s most recent comprehensive analysis for biofuels was conducted in 2009.

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DOE: Adjusted for inflation, the price of gasoline in 2019 was similar to the price in 1929

Green Car Congress

From 2002 to 2008, the price of gasoline rose substantially, but then fell sharply in 2009 during the economic recession. Note: Retail price includes Federal and State Taxes. In 2012, prices reached the highest level in both current and constant dollars but began a steep decline thereafter.

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European Biodiesel Production Up 16.6% in 2009

Green Car Congress

in 2009 to 9 million tonnes, compared to the prior year, according to figures from the European Biodiesel Board (EBB). In 2009, biodiesel represented about 75% of biofuels produced in Europe (bio-ethanol fuel production last year being. The EC imposed anti-dumping and countervailing measures in March 2009. low levels.

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Will GM or Tesla buyers lose electric-car tax credits first?

Green Car Reports

A major contributor to electric-car sales is the program under which buyers of new electric cars qualify for a federal income-tax credit of up to $7,500. But these tax credits are not unlimited.