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Obama directs EPA and DOT to develop and issue next phase of fuel efficiency standards for medium- and heavy-duty vehicles by March 2016

Green Car Congress

President Obama has directed the Environmental Protection Agency (EPA) and the Department of Transportation (DOT) to develop and to issue the next phase of medium- and heavy-duty vehicle fuel efficiency and greenhouse gas standards by March 2016. Energy Security Trust Fund and tax credits for advanced vehicles and biofuels.

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PCAST suggests 6 key components for climate change strategy to President Obama; adaptation and mitigation

Green Car Congress

The President’s Council of Advisors on Science and Technology (PCAST) released a letter to President Obama describing six key components the advisory group believes should be central to the Administration’s strategy for addressing climate change.

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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

Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Earlier post.). Reducing barriers to investment in energy efficiency. Energy Efficiency.

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Trump reportedly told oil execs he’ll end electric car incentives for $1 billion in donations

Baua Electric

But he has also claimed that he is “all for electric cars” and during his 2020 campaign, he tried to take credit for incentives put in place during the Obama administration. The Trump administration attempted to eliminate the tax credit for electric vehicles in the original version of their 2020 budget, though the provision never passed.

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Tesla skeptics are hung up about its $465M paid loan, but the fossil fuel industry gets $11M of subsidies every minute

Teslarati

With Elon Musk speaking out about the Biden administration’s recent intentions to tax unrealized gains, it has become a frequent sight on social media for Tesla skeptics and bears to bring up the fact that the EV maker would not exist if the Obama administration did not loan $465 million to Tesla to keep it afloat.

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EPA Administrator broadly outlines Trump Administration thinking on fuel economy standards and California

Green Car Congress

In order to comply with the Obama standards, auto makers need to sell many more electric vehicles. It’s one thing for the American public to directly subsidize electric vehicles through tax incentives. Of the roughly 57,000 households that received the EV tax credit in 2016, nearly 80 percent had at least a six-figure income.

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Congressionally-created Commission Recommends Mileage Tax Instead of Fuel Tax for Transportation Infrastructure Financing

Green Car Congress

A bi-partisan Congressionally-created commission has recommended a shift from motor fuel taxes to direct fees charged to transportation infrastructure users—i.e., The gas tax, which is not currently indexed to inflation, has lost 1/3 of its purchasing power since 1993, the last time the tax was increased. Click to enlarge.