Remove Cost Of Remove MPG Remove Purchase Remove Tax
article thumbnail

ICCT calculates consumer benefits of increased efficiency in 2025-2030 light-duty vehicles in the US

Green Car Congress

According to the analysis, under current standards, buyers of model year 2025 vehicles would fully recoup the extra cost for technology in the vehicle in the third year of ownership under a cash-purchase scenario. Consumer benefits would be more than 3 times the costs of the standards. Fuel savings are 2.4

Light 170
article thumbnail

Brookings analysts recommend against repeating cash for clunkers program in future recession

Green Car Congress

However, the cost of CO 2 reduced was comparable or lower than that achieved through less cost-effective policies such as the tax subsidy for electric vehicles, the analysis concluded. Cost per job created. Cost per ton of carbon reduced. Click to enlarge. Click to enlarge. miles per gallon (9.4 million, or 0.7

article thumbnail

Hyundai Ioniq 6 deal, affordable Honda and Toyota EVs, Civic and Elantra hybrids: The Week in Reverse

Baua Electric

How can you claim up to $7,500 off some new Tesla models at the time of purchase? Efficiency-focused Elantra Hybrid Blue models retain the 54-mpg combined EPA rating. With $7,500 of “retail bonus cash”—a rebate on purchases, not leases–the 2024 Hyundai Ioniq 6 is much cheaper than the Tesla Model 3. inch infotainment screen.

article thumbnail

China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

China has made progress with automotive energy-saving technologies over the past 10 years through implementing passenger car fuel consumption limits and the use of fiscal policy to encourage the purchase of small cars, the government statement noted. L/100km (34 mpg US) with the fuel consumption of energy-efficient vehicles dropping to 5.9

article thumbnail

Ford C-MAX Energi plug-in hybrid heading to select US showrooms

Green Car Congress

Ford’s first plug-in hybrid vehicle on the market offers EPA-rated 108 mpg equivalent city, 92 mpge highway and 100 mpge combined;the all-electric range is up to 21 miles. Starting MSRP is $29,995 (after a federal tax credit). Earlier post.). Earlier post.). In electric-only mode, C-MAX Energi uses an advanced 35 kW peak, 7.6-kWh

Plug-in 312
article thumbnail

Massachusetts sets state GHG emissions limit for 2020 at 25% below 1990 levels, releases plan with additional measures, including Pay As You Drive auto insurance

Green Car Congress

Incentives for consumers to shift their vehicle purchases to more fuel-efficient (or lower. This includes varying the rates on new car sales taxes, annual auto excise (property) taxes, and registration fees, with rates raised on low-MPG vehicles and reduced on high-MPG ones. premium into a variable cost based on.

article thumbnail

MIT Report Outlines System-Oriented Coordinated Polices for Reduction in Light-Duty Vehicle Petroleum Use and Emissions

Green Car Congress

We emphasize that this policy portfolio is not a substitute for an economy-wide carbon management policy (such as a carbon tax or cap-and-trade system). Taxes on motor vehicle fuels should be increased by $0.10 Vehicle fuel consumption depends on the combination of powertrain and fuel used, as well as how the vehicle is driven.

MIT 199