Congress, Financing, Fuel Tax and Products

EIA: State tax rates for retail gasoline and diesel increased in 13 states in 2023

Green Car Congress

FEBRUARY 24, 2023

In January 2023, state taxes and fees on gasoline and diesel fuel averaged $0.3163 per gallon (gal) of gasoline and $0.3388/gal of diesel fuel, according to the US Energy Information Administration (EIA). These taxes have increased in 13 states since July 2022. These Superfund taxes include a $0.09

Tax

Tax Gasoline Diesel Fuel Tax

Congressionally-created Commission Recommends Mileage Tax Instead of Fuel Tax for Transportation Infrastructure Financing

Green Car Congress

FEBRUARY 26, 2009

A bi-partisan Congressionally-created commission has recommended a shift from motor fuel taxes to direct fees charged to transportation infrastructure users—i.e., a federal mileage fee—as a way to reform financing of the US transportation infrastructure. The nation faces a crisis. of GDP today. Summary of revenue options.

Mileage Tax

Mileage Tax Fuel Tax Tax Financing

Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

Green Car Congress

APRIL 21, 2022

Based in China, Tsingshan operates the world’s largest nickel syndicate—including nickel ore mining, nickel refining, purification, ferronickel production, crude steel production, logistics, port management, trading and transportation.

China

China Energy Indonesia Power Grid

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

Green Car Congress

JULY 10, 2011

Transport fuels will be excluded from the carbon pricing mechanism. However, where applicable, an equivalent carbon price will be applied through changes in fuel tax credits or excise. A carbon price will be applied to domestic aviation, domestic shipping, rail transport, and non-transport use of fuels.

Tax Credit

Tax Credit Fuel Tax Carbon Australia

Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

Green Car Congress

FEBRUARY 15, 2013

The legislation also proposes numerous actions against financing and support for fossil fuel industries. Among the financing provisions of the legislation are: Price on carbon. Bernie Sanders (I-Vt.) and Barbara Boxer (D-Calif.) The legislation would enact a fee of $20 per ton or carbon or methane equivalent, rising at 5.6%

Industrial

Industrial Industry Price Fuel

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

Green Car Congress

AUGUST 31, 2020

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. Background on Chapter 57 & calculation of tax rate formula. million.

Tax

Tax Gasoline Diesel 2016

UK Government Pre-Budget Report Offers Tax Exemptions for EVs, £30M in Additional Support for Low-Carbon Vehicles; Annual Fuel Tax Increases and End of Duty Differential for Biofuels

Green Car Congress

DECEMBER 21, 2009

In spring the Chancellor presents the annual Budget statement, which includes a detailed assessment of the state of the economy and the nation’s finances. In his statement, the Chancellor may announce changes to taxes and new spending measures. per gallon US) from the 2010-11 obligation year.

Tax

Tax Carbon Fuel Tax Fuel

BCG study finds conventional automotive technologies have high CO2 reduction potential at lower cost; stiff competition for electric cars

Green Car Congress

JUNE 15, 2011

EVs will likely account for approximately 8% of new car sales in Europe by 2020, supported by consumers’ higher willingness to pay for green technologies, the region’s high emissions standards, and high gasoline and diesel fuel taxes. Conventional technologies with high CO 2 reduction potential. Source: BCG.

CO2

CO2 Electric Cars 2020 United States

Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

JUNE 25, 2013

In President Obama’s first term, the DOE established new minimum efficiency standards for dishwashers, refrigerators, and many other products. Going forward, the Administration will promote fuel-switching from coal to gas for electricity production and encourage the development of a global market for gas.

Obama

Obama Cleaner Climate Fuel Economy

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

Green Car Congress

DECEMBER 19, 2013

Senate Finance Committee Chairman Max Baucus (D-Mont.) introduced the latest in a series of discussion drafts to overhaul the US tax code. 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.

Tax

Tax Tax Credit Clean Cleaning

CEPS task force report identifies tightening emissions standards as key policy to hit EU 60% reduction in transport GHG; full life-cycle emissions optimal metric

Green Car Congress

JULY 1, 2013

Setting clear standards for vehicle efficiency and fuels allow manufacturers of cars and other vehicles to anticipate the direction of future standards. Such standards are effective in overcoming barriers to the introduction of more efficient vehicles and fuels, while creating regulatory certainty for product developers and manufacturers.

Emissions

Emissions Transportation Standards Climate Change

Profile: Li-ion Battery and Pack Supplier Valence Technology

Green Car Congress

MARCH 25, 2009

Green Car Congress had the opportunity recently to have a discussion with Mark Donaghy, the Global Marketing Manager for Valence Technology, Inc., Green Car Congress had the opportunity recently to have a discussion with Mark Donaghy, the Global Marketing Manager for Valence Technology, Inc., Click to enlarge.

Li-ion

Li-ion Batteries Battery 2008

Opinion: A More Level Playing Field for Advanced Biofuels

Clean Fleet Report

SEPTEMBER 7, 2022

Congress has moved swiftly to pass this legislation–and rightfully so. But, there is still more that can be done to incorporate low-carbon fuel alternatives into our national climate strategy. These provisions will ultimately strengthen the industries producing low carbon fuel alternatives and position the U.S. More Work To Do.

Tax Credit

Tax Credit Fuel Alternative Tax Congress

FedEx and VW EV Plans, Second GM Battery Factory – EV Week in Review: Mar 2 – Mar 8

EV Adoption

MARCH 9, 2021

GM is close to building a second EV battery factory in the US, report says – General Motors is considering building a second battery factory in the United States, The Wall Street Journal reports , in order to ramp up its production of electric vehicles. ” – March 7, Business Insider via Yahoo Finance. .

GM

GM Hummer GMC Batteries

EV Driven

EIA: State tax rates for retail gasoline and diesel increased in 13 states in 2023

Congressionally-created Commission Recommends Mileage Tax Instead of Fuel Tax for Transportation Infrastructure Financing

Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

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

Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

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

UK Government Pre-Budget Report Offers Tax Exemptions for EVs, £30M in Additional Support for Low-Carbon Vehicles; Annual Fuel Tax Increases and End of Duty Differential for Biofuels

BCG study finds conventional automotive technologies have high CO2 reduction potential at lower cost; stiff competition for electric cars

Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

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

CEPS task force report identifies tightening emissions standards as key policy to hit EU 60% reduction in transport GHG; full life-cycle emissions optimal metric

Profile: Li-ion Battery and Pack Supplier Valence Technology

Opinion: A More Level Playing Field for Advanced Biofuels

FedEx and VW EV Plans, Second GM Battery Factory – EV Week in Review: Mar 2 – Mar 8

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