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

Green Car Congress

According to the US Energy Information Administration (EIA), as of 13 June 2022, the average price of US regular gasoline was $5.006 per gallon, up $1.937 from a year ago. (An The average price of US on-highway diesel was $5.718 per gallon, up $2.432 from a year ago. However, the cost of refining in other nations is currently higher.

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Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

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The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. The detailed report— Need Nickel? —Baker Institute report Need Nickel?

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Study explores impact of changing gasoline and diesel taxes in Europe

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Because diesel- and gasoline- powered cars are almost perfect substitutes for users, a change in the levels of fuel taxation is expected to affect engine type choice by households and businesses, and automakers will respond by changing their pricing strategies to maintain their profits. —Bretau and Weber.

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Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil

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A new study by the French institute Enerdata, commissioned by the European Federation for Transport & Environment (T&E), suggests that the European CO 2 standards for new vehicles due to come into effect in 2012 will lead not only to a European savings on oil (mainly via lower oil import volumes) but also to slightly lower global oil prices.

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Study finds behavior-influencing policies remain critical for mass market success of low-carbon vehicles

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Carbon pricing alone is insufficient to bring low-carbon vehicles to the mass market, though it may have a supporting role in ensuring a decarbonized energy supply. Global, economy-wide carbon pricing is assumed as climate policy in both scenarios after 2020 (100 US$ per tCO 2 held constant over time). —McCollum et al.

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

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Total cost of ownership economics for electric cars will also be significantly influenced by government incentives and fuel and electricity prices. This will pose a significant production and supply-chain challenge and likely force OEMs to increasingly globalize powertrain production, the consulting firm concludes. Source: BCG.

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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

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Foremost among those findings is that a quantity-based biofuel mandate is superior to a price-based consumption subsidy. Other findings from the study include: Ethanol policy can have a substantial impact on corn prices. As complex as the economics are, however, once understood, a set of relatively clear policy implications emerge. —de

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