article thumbnail

With gas phase-out in view, Europe could lose $160 billion in fuel taxes

Teslarati

With Europe’s gas phase-out plans now within view, the countries there could be set to lose significant funding from fuel taxes in the coming years. As such, taxing driving specifically may be a better alternative. Texas considers EV tax, and EV owners are on board How do you think EVs should be taxed in Europe?

article thumbnail

Virginia General Assembly moving forward with replacing gasoline and diesel fuel tax with sales tax; $100 annual tax for EVs, HEVs and alt-fuel vehicles

Green Car Congress

The Virginia General Assembly is moving forward with legislation ( HB2313 ), that, among its other elements, would abolish the state’s gasoline and diesel fuel taxes and replace them with a sales tax. Currently, both gasoline and diesel carry a $0.175/gallon fuel tax. percent wholesale tax to 5.1

Virginia 255
article thumbnail

GM weighs in against Washington’s proposed EV surtax

Green Car Congress

Proponents of the surtax argue the fee is needed to offset losses in state gas tax revenues since EV owners don’t need to buy gas. GM believes this proposal is misguided and will hurt sales and market adoption of EVs. The small number of pure EVs on the road at this point have a negligible impact on state revenues, GM argues.

GM 218
article thumbnail

Congressional Budget Office estimates US federal policies promoting EVs and other fuel-efficient vehicles will cost $7.5B through 2019; little or no impact on gasoline use and GHG in the short term

Green Car Congress

In a new report examining the effect of federal tax credits on the plug-in market, the CBO finds that tax credits for buying electric vehicles—which account for about one-fourth of the policy cost—are likely to have the greatest impact on vehicle sales. Indirect effects.

article thumbnail

Next 10 report finds California will meet or exceed original target of 1.5M ZEVs by 2025

Green Car Congress

However, the report also identifies some areas that could either decelerate or accelerate the growth of ZEV sales. The Road Ahead for Zero-Emission Vehicles in California: Market Trends & Policy Analysis analyzes California’s ZEV market, including historic sales, costs, technology trends, forecasts and challenges.

article thumbnail

GFEI report suggests $2T savings from fuel economy improvements in ICE vehicles through 2025 can help fund long-term transition to plug-ins

Green Car Congress

Increasingly efficient conventional combustion-engine vehicles will be key in moving towards a low carbon future, according to the GFEI. 2025, this would require an average tax (or fee) of $500 per vehicle for all vehicles sold (projecting sales of 1 billion vehicles)—slightly higher if PEVs are not charged a fee.

article thumbnail

UC report to CalEPA outlines policy options to decarbonize California transportation by 2045

Green Car Congress

Bringing about a zero-carbon transportation future will be challenging, but not impossible, the report states. This scenario includes GHG emissions, vehicle sales, fuel consumption, carbon intensity, and changes in VMT. Zero emission vehicles: In the low carbon scenario, vehicle sales are 100% ZEV by 2040.