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ICAO establishes 2050 net-zero CO2 emission goal for international aviation

Green Car Congress

The International Civil Aviation Organization (ICAO) has established a 2050 net-zero carbon dioxide emission goal for international aviation. —Dan Rutherford, Aviation Director of the International Council on Clean Transportation (ICCT). Countries will develop national measures to cut emissions consistent with ICAO’s goal.

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Tesla gets $330M tax break for Giga Nevada expansion plan

Teslarati

The Nevada Governor’s Office of Economic Development (GOED) Board approved a $330,250,366 million tax break for Tesla. Listed below are the taxes Tesla could generate, assuming it invests all $3.6 million in gross average annual property tax revenues $11.2 million in gross average annual sales taxes $1.1

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

Green Car Congress

President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. He also called on states to suspend their state gas taxes as well or to find other ways to deliver some relief.

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Tata Motors urges govt to keep hybrid tax, Toyota lobbies for cut

Baua Electric

Read more Tata Motors has opposed Toyota’s appeal for tax reduction on hybrid cars, claiming that they are more polluting than electric vehicles and should not be given a tax advantage. Hybrid cars have been touted as the bridge to fill in the gap between internal combustion engine technology and electric propulsion tech.

Tax 95
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CMU study finds taxes on emissions would result in more rapid electrification by ridesharing companies

Green Car Congress

When life cycle air pollution and greenhouse gas emission externalities are internalized via a Pigovian tax, fleet electrification increases and externalities decrease, suggesting a role for policy. —Bruchon et al. Private and external costs of energy inputs vary across cities. Source: Bruchon et al.

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BYD chairman calls on China to extend NEV tax exemption until 2025

CN EV Post

Wang Chuanfu, chairman and president of BYD (OTCMKTS: BYDDY), suggested in an April 1 speech at the China EV 100 Forum that China should extend the NEV purchase tax exemption to 2025, hoping the move would be fast-tracked to stabilize expectations, according to a video replay seen by CnEVPost. percent of all passenger vehicle sales.

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Argonne study finds BEVs can have lowest scheduled maintenance costs, but highest cost of driving

Green Car Congress

The study considers five different powertrains (internal combustion engine, hybrid-electric, plug-in hybrid-electric, fuel-cell-electric, and battery-electric) and 12 cost components (purchase cost, depreciation, financing, fuel, insurance, maintenance, repair, taxes, registration fees, tolls and parking, payload capacity and labor).