Cost, Fuel Tax and United States

MIT study finds fuel economy standards are 6-14 times less cost effective than fuel tax for reducing gasoline use

Green Car Congress

FEBRUARY 21, 2013

In a study published in the journal Energy Economics , MIT researchers have found that a fuel economy standard is at least six to fourteen times less cost effective than a fuel tax when targeting an identical reduction in cumulative gasoline use (20% by 2050).

Fuel Economy

Fuel Economy MIT Fuel Tax Economy

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

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. BCG expects pack costs for OEMs will fall to ~$360-440 per kWh by 2020.

CO2

CO2 Electric Cars 2020 United States

Texas considers EV tax, and EV owners are on board

Teslarati

JANUARY 9, 2023

The Texas State Legislature is considering levying a tax against EV owners to fund road upkeep and improvement, and EV owners are on board. Electric vehicles are the choice for many consumers not only due to their environmental benefits but also due to their reduced cost of ownership.

Texas

Texas Tax Fuel Tax Gas-Electric

Study finds CO2 emissions trading more effective path to automotive CO2 reduction in Europe than tailpipe standards

Green Car Congress

NOVEMBER 11, 2016

They found that vehicle emission standards reduce CO 2 emissions from transportation by about 50 MtCO 2 and lower the oil expenditures by about €6 billion, but at a net added cost of €12 billion in 2020. Emissions trading or a carbon tax is going to achieve their emissions goals at the lowest possible cost to society.

Standards

Standards Emissions Europe CO2

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

This solicitation is designed to support investments in innovative technologies that can cost-effectively meet financial and policy goals, including the avoidance, reduction, or sequestration of anthropogenic emissions of greenhouse gases. Since 1990, methane emissions in the United States have decreased by 8%. Nuclear Power.

Obama

Obama Cleaner Climate Fuel Economy

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

FEBRUARY 17, 2010

A new cost-benefit analysis of biofuels policies by economists Harry de Gorter and David Just at Cornell University has concluded that government mandates for biofuels “ are clearly superior to all other policies, with few tradeoffs arising. However, production costs of US corn-ethanol are very high. de Gorter and Just.

Tax

Tax CO2 Renewable Standards

Analysis concludes that current transportation policy in most US states will likely worsen GHG emission trends in US

Green Car Congress

DECEMBER 14, 2010

Most states do not make any effort at all to connect. In sum, current transportation policy in most states will likely worsen GHG emission trends in the United States. transportation, and ensure state fuel taxes can support all transportation modes.

Transportation

Transportation Climate Change Emissions Climate

Global Fuel Economy Initiative Releases Roadmap Report on Achieving 50% Fuel Economy Improvement in LDV Fleet by 2050

Green Car Congress

MARCH 6, 2009

In the United States, fuel consumption is considerably higher than the OECD average: doubling of tested fuel economy would mean moving from the current new car (and light truck) average of 26 mpg to 52 mpg (about 9 to 4.5 Vehicle taxes and incentives. Component standards, taxes and incentives. Fuel taxes.

Fuel Economy

Fuel Economy Economy Fuel Global

Energy Learning Curve Survey Finds Americans Support Wide Array of Proposed Energy Policies, But Are Not Yet Ready to Make Tradeoffs

Green Car Congress

APRIL 5, 2009

However, the survey also found that the public may not yet be prepared for the tradeoffs and challenges needed to make these proposals a reality, with majorities rejecting measures such as a floor on gasoline prices, congestion charges, or higher fuel taxes. Anything that increases the cost of driving is soundly rejected by the public.

Energy

Energy Climate Change Tax Oil

Automotive Market Research Perspectives on Selling Green in a Try-to-Survive Market

Green Car Congress

MAY 2, 2009

United States. We’re not sure how much maintenance cost you are going to incur and quite frankly you many need to replace the battery pack after 3-4 years and it may cost between $3,000-$5,000. Gasoline may cost between $3-$5 while you own this vehicle. Even globally the number is relatively small: Region.

Market

Market Green Prius Re-Charge

Proposed US Transportation Reauthorization Plan Links Greenhouse Gas Reductions to Transportation Planning

Green Car Congress

JUNE 21, 2009

In addition to this $450 billion investment, the Act provides $50 billion over six years to develop 11 authorized high-speed rail corridors linking major metropolitan regions in the United States. The Fund is replenished by revenue collected from motor fuel taxes. Consolidating or terminating more than 75 programs.

Transportation

Transportation Gas 2009 Congress

California ARB mods to ZEV regulations for IVMs would result in ~1.9% drop in total ZEV/TZEV units 2018-2025; no impact on air quality requirements

Green Car Congress

OCTOBER 20, 2014

In addition, although many experts say that the solution to our energy and climate problems is sending the correct price signals to industry and consumers, the transport sector’s behavior is highly inelastic in that it does not change significantly in response to changes in fuel prices, at least in the range that is politically acceptable.

2018

2018 California 2012 Plug-in

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

If Congress continues to extend current incentives, they will cost nearly $150 billion over 10 years. The maximum investment tax credit is 20% of the cost of the investment. Generally the investment tax credit cannot be claimed for facilities that begin to operate before January 1, 2017. Clean fuels tax credit.

Tax

Tax Tax Credit Clean Cleaning

MIT Energy Initiative report on transforming the US transportation system by 2050 to address climate challenges

Green Car Congress

MARCH 16, 2016

The report addresses topics related to the evolution of vehicle technology and its deployment, the development of alternative fuels and energy sources, the impacts of driver behavior, and the implications of all of these factors on future GHG emissions in the United States, Europe, China, and Japan. —John Heywood.

MIT

MIT Transportation Climate Energy

We Need More Than Just Electric Vehicles

Cars That Think

AUGUST 20, 2022

The total cost of purchasing and driving one—the cost of ownership—has fallen nearly to parity with a typical gasoline-fueled car. In the United States, for example, there are more than 49,000 public charging stations , and it is now possible to drive an EV from New York to California using public charging networks.

Electric Vehicles

Electric Vehicles Vehicles West Virginia Electric

EV Driven

MIT study finds fuel economy standards are 6-14 times less cost effective than fuel tax for reducing gasoline use

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

Texas considers EV tax, and EV owners are on board

Study finds CO2 emissions trading more effective path to automotive CO2 reduction in Europe than tailpipe standards

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

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

Analysis concludes that current transportation policy in most US states will likely worsen GHG emission trends in US

Global Fuel Economy Initiative Releases Roadmap Report on Achieving 50% Fuel Economy Improvement in LDV Fleet by 2050

Energy Learning Curve Survey Finds Americans Support Wide Array of Proposed Energy Policies, But Are Not Yet Ready to Make Tradeoffs

Automotive Market Research Perspectives on Selling Green in a Try-to-Survive Market

Proposed US Transportation Reauthorization Plan Links Greenhouse Gas Reductions to Transportation Planning

California ARB mods to ZEV regulations for IVMs would result in ~1.9% drop in total ZEV/TZEV units 2018-2025; no impact on air quality requirements

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

MIT Energy Initiative report on transforming the US transportation system by 2050 to address climate challenges

We Need More Than Just Electric Vehicles

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