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MIT study finds fuel economy standards are 6-14 times less cost effective than fuel tax for reducing gasoline use

Green Car Congress

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 fuel tax when targeting an identical reduction in cumulative gasoline use (20% by 2050). Paltsev, M. Babiker, J.M. 2012.09.001.

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New Zealand simplifies Road User Charges system, extends exemption for light electric motor vehicles from 2013 to 2020

Green Car Congress

(Since some 36% of diesel is used off-road, such as on farms, by manufacturing, industrial and commercial ventures, and boats, a fuel tax for road use would impose an unfair burden onto these sectors, the government says.). per cent is estimated to increase the total cost of truck operation by around 0.4%. tonnes or less.

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GFEI report suggests $2T savings from fuel economy improvements in ICE vehicles through 2025 can help fund long-term transition to plug-ins

Green Car Congress

The GFEI, a partnership of international agencies and top energy policy experts, suggests that these cost savings could in part be used to help offset the costs of developing a global market for electric vehicles over this time frame, since the savings are estimated to be at least four times bigger than these costs.

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Next 10 report finds California will meet or exceed original target of 1.5M ZEVs by 2025

Green Car Congress

annual growth from 2013 to 2025 to meet its goal. But with a 53% increase in growth from 2013-2017, the annual growth rate required to meet the ZEV goal from 2017 on has decreased to 20% annually. The growth of ZEVs represents a potential drain on motor vehicle fuel taxes, which could affect state transportation revenue.

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Sen. Baucus draft for energy tax reform focuses on clean production of electricity and fuels; repeals plug-in vehicle credits

Green Car Congress

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.

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How the Budget affects green car drivers

Green Cars News

At the same time, however, Mr Darling has announced a two pence per litre increase on fuel duty which will apply from September this year. There will then be an additional one penny increase above the rate of inflation per year from 2010 to 2013.