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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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Report: CCS capacity increased 33% in 2020

Green Car Congress

The 2020 Global Status on CCS report also finds that there are a total of 65 commercial CCS facilities in various stages of development globally. Source: 2020 Global Status on CCS. 2020 saw increased ambition and support for CCS in Europe as well. World map of CCS facilities at various stages of development.

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California reduces tax on dimethyl ether (DME) fuel to be consistent with other alternative fuels; enabling retail sales

Green Car Congress

The California state legislature passed and the Governor signed into law a bill ( AB-2663 ) that lowers the Use Fuel Tax rate of dimethyl ether (DME) from $0.18 per gallon of DME-propane fuel blend used on or after 1 July 2021 (the same tax rate as propane, $0.06 per gallon of DME used and $0.06 per gallon).

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2020 Hyundai IONIQ Electric offers 37% more driving range, starts at $33,045

Green Car Congress

The redesigned 2020 Hyundai IONIQ Electric delivers 170 miles of range (an increase of 37% from the previous 124-mile range), technology and advanced standard safety features at a starting price of $33,045 for the SE model. Customers may receive the available federal tax credit of up to $7,500 making the net price $25,545 for the SE.

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2020 Audi A8 TFSI e plug-in hybrid carries starting price of $94,000

Green Car Congress

Audi is pricing its 2020 A8 TFSI e plug-in hybrid with a MSRP of $94,000 in the US. By comparison, the starting MSRP for a 2020 Audi A8 55 TFSI quattro with automatic transmission is $85,200. Audi anticipates that customers purchasing the 2020 Audi A8 TFSI e will be eligible for a federal tax credit of up to $6,795.

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NJ boosts gasoline tax 22.5% to $0.507/gallon effective 1 October, diesel to $0.577

Green Car Congress

The increase brings the gasoline tax from $0.414 to $0.507 per gallon (22.5%). In order to ensure the state has the funds necessary to support these projects, the law dictates that the Petroleum Products Gross Receipt (PPGR) tax rate must be adjusted accordingly to generate roughly $2 billion per year. million.

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Fisker Ocean electric SUV starts at $37,499, pre-tax credit; leases for $379/mo

Green Car Congress

After the US federal tax credit is applied, the cost of the Fisker Ocean drops to a starting price of US$29,999 (US). We look forward to sharing even more details at the Geneva Motor Show 2020—including our fully-engineered platform and more technical specifications. —Henrik Fisker, chairman and CEO – Fisker Inc.