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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. We urge you to make the US Department of Energy (DOE) the lead agency in establishing a regularly updated LCA for any SAF credit.

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California to receive more than $236M to support transit agencies’ transition to zero-emission buses

Green Car Congress

The recently passed Inflation Reduction Act would also provide $1 billion for clean heavy-duty vehicles, including transit and school buses, and a new tax credit of up to $40,000 for commercial vehicles, for which transit agencies and school districts are eligible. The Bipartisan Infrastructure Law passed last year provides $5.6

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California adds $72.5M for cleaner diesel trucks, deployment of advanced vehicle technologies

Green Car Congress

The California Air Resources Board (ARB) announced an additional $72.5 The Air Resources Board will move $8 million from other clean vehicle projects into ARB’s Truck Loan Assistance Program. This can be combined with an up to $7,500 clean vehicle federal tax credit and various other regional incentives.

Cleaner 246
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ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

Green Car Congress

The study identified four specific changes to the US tax code that could help accelerate the commercialization of second-generation biofuels. While a Federal tax credit for the production of second-generation biofuels exists, its use has remained limited. —Miller et al.

Tax 262
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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

Green Car Congress

However, where applicable, an equivalent carbon price will be applied through changes in fuel tax credits or excise. A A$10-billion new commercially-oriented Clean Energy Finance Corporation will invest in renewable energy, low pollution and energy efficiency technologies. —Prime Minister Gillard.

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Researchers call for major change in US policies supporting plug-ins; failure of “mainstream consumer bias”

Green Car Congress

Vehicle tax credits or rebates. Examining the tax credits for PEVs, the authors note that the Congressional Budget Office (CBO) concluded that the PEV tax credit is too small to stimulate a significant amount of new consumer demand, and that most taxpayers do not have a tax liability great enough to even use the credit.

Plug-in 271
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). How does the US deal with local and state economies with high carbon economies and little renewable resources?

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