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

Green Car Congress

He also continued his calls for the oil industry to increase refinery capacity to increase production. An update was due 21 June, but EIA said that data product releases scheduled for this week—20 June 2022—will be delayed as a result of systems issues.) However, the cost of refining in other nations is currently higher.

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

Green Car Congress

A bi-partisan Congressionally-created commission has recommended a shift from motor fuel taxes to direct fees charged to transportation infrastructure users—i.e., Total combined highway and transit spending as a share of gross domestic product (GDP) has fallen by about 25% in the same period to 1.5% Click to enlarge.

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

Green Car Congress

BCG comparison of the CO 2 reduction potential and cost of different technologies. In addition, the cost to the consumer would be about $50 to $60 per percent CO 2 reduction—roughly half the cost of what was expected three years ago. Source: BCG. Click to enlarge. Source: BCG. Click to enlarge. ICE-propelled vehicles.

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Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions

Green Car Congress

The key to obtaining significant reductions in transportation-related GHG emissions is to increase the cost of driving. The economy-wide CO 2 prices applied increase the cost of driving only marginally with respect to the business-as-usual case. million barrels per day, relative to 2008 levels.

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Study Finds Government Mandates Superior to All Other Biofuels Policies, But Mixing With Subsidies Causes Adverse Effects; The Argument for a Direct CO2 Tax

Green Car Congress

However, production costs of US corn-ethanol are very high. The gap between the intercept of the ethanol supply curve and the oil price creates large deadweight costs that may overwhelm any external benefits. However, production subsidies, import tariffs and sustainability standards do.

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IEA technology and policy reports outline paths to halving fuel used for combustion-engined road transport in less than 40 years

Green Car Congress

The policy package includes a new fuel economy readiness index, which measures the extent to which countries have implemented steps that will fully exploit the potential of existing fuel economy technologies and maximise their use in vehicles. Policy package.

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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

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.

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