Oil Prices, Purchase and Tax

Belfer Center Brief Urges Higher, Stable Energy Prices to Achieve Long-Term Energy Policy Objectives

Green Car Congress

MAY 26, 2009

The US government must place an initial price on US greenhouse-gas emissions, either through a cap-and-trade mechanism or a tax. A tax has the advantages of predictability and being simple to implement quickly. Oil security policy. If the price later rose above $90, the tax would disappear.

Energy

Energy Price Oil Prices Climate Change

Norweign Drivers switch to Electric Cars

EV Report

APRIL 30, 2020

Some are still not yet sure to make a plunge in purchase. In comparison with Norway, a country that is considered to be an unofficial leader in Electric Vehicles, around 40 percent of vehicles sold are electric vehicles and there are thousands of drivers who are on a waiting list to purchase the latest electric vehicles.

Electric Cars

Electric Cars Norway Cars Electrical

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

Green Car Congress

JULY 12, 2011

scenarios, and the sensitivity of the model to particular factors, the analysis reveals areas where intervention may be warranted: The capital costs associated with vehicle purchase, in relation to the costs for conventional vehicles; Supply constraints in the Australian market; and. range and higher fuel prices make EVs more competitive.

PHEV

PHEV Oil Prices Australia Price

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

JANUARY 1, 2011

” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. ” The team suggests that this may be the last extension for the credit.

Transportation

Transportation Gasoline Lithium Ion Gasoline-Electric

Study concludes significant additional transport policy interventions will be required for Europe to meet its GHG reduction goal

Green Car Congress

APRIL 12, 2012

They assessed purchaser technology choice for new vehicles on a cost-effectiveness basis using net present value (NPV) as a decision criterion, with parameters chosen to take account of factors such as consumer myopia with regard to fuel cost savings. R&D as above, plus a €3000/vehicle purchase subsidy for fuel cell electric vehicles.

Transportation

Transportation Europe Climate Change Emissions

Pike forecasts Asia-Pacific to be largest PEV market, with more than 1.2M units by 2015; China to represent 53% of total sales

Green Car Congress

NOVEMBER 16, 2010

National programs encouraging the growth of the PEV sector include the establishment of aggressive goals, subsidies for EV purchasers, research and development support and demonstration projects, tax incentives, regulation and standardization, and public education programs.

Asia

Asia 2015 China Sale

UC Berkeley Study Concludes Battery Switching Model Would Accelerate Mass-Market Adoption of Electric Cars; Baseline Scenario Projects EVs Reaching 64% of New LDV Sales in 2030

Green Car Congress

JULY 14, 2009

In two other scenarios considered, a high oil price scenario (using EIA projections) and a battery swap operator-subsidzied scenario, EV new vehicle sales penetration reaches 85% and 86% respectively by 2030. The high rate of adoption is driven by the low purchase price and operating costs of electric cars with switchable batteries.

Electric Cars

Electric Cars Battery Batteries Market

RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

Green Car Congress

JUNE 20, 2012

While DoD and the services will have access to the wholesale fuel supplies they require, the purchase price may be uncomfortably high. As fuel consumers, DoD and the services have only one effective option to deal with high petroleum prices: to reduce use of petroleum fuels overall. Could oil production peak after 2050?

Price

Price Oil-Sands Turkey Fuel

US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

Green Car Congress

FEBRUARY 8, 2011

The Obama Administration is proposing a three-part strategy that supports electric vehicle manufacturing and adoption through improvements to tax credits in current law, investments in research and development (R&D), and a new competitive program to encourage communities to invest in electric vehicle infrastructure. Earlier post.).

2015

2015 Plug-in Tax Credit Plug

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

AUGUST 30, 2009

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. by Brian J.

Transportation

Transportation Fuel Renewable Gasoline-Electric

Mixed Outlook for Mainstream Consumer Adoption of PHEVs

Green Car Congress

FEBRUARY 14, 2009

Given high initial costs, volatile oil prices, improving competition, an industry in poor financial shape and consumers who aren’t perfectly rational.who actually are quite risk averse.advanced technology may be a hard sell. the first time in your entire lives you’ve ever heard the EPA and the OEMs agree on something: tax the fuel.

PHEV

PHEV Fuel Economy San Diego Climate Change

National Research Council report finds it unlikely the US will meet cellulosic biofuel mandates absent major innovation or a change in policies

Green Car Congress

OCTOBER 4, 2011

As of 2010, biofuel production was contingent on subsidies, tax credits, the import tariff, loan guarantees, RFS2, and similar policies. However, consumers’ willingness to purchase flex-fuel vehicles and use E85 instead of lower blends of ethanol in their vehicles will likely depend on the price of ethanol and their attitude toward biofuels.

Renewable

Renewable Tax Credit Conversion Standards

Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

Green Car Congress

FEBRUARY 4, 2011

However, consumer demand for PEVs is quite uncertain and, barring another global spike in oil prices, may be limited to a minor percentage of new vehicle purchasers (e.g., Policy Instruments. Recent public policies in the United States and other countries have improved the prospects for initial commercialization of PEVs.

Plug-in

Plug-in 2015 Plug Recharge

RAC Foundation: 830,000 households in UK spend at least 27% of their income on running a car; “transport poverty”

Green Car Congress

MARCH 7, 2013

By contrast, those in the wealthiest car-owning households are spending around 12% of their disposable incomes on purchasing and operating a car. Of a total weekly expenditure of £167 (US$250), those in the poorest car-owning households see £44 (US$66) go on vehicle-related purchasing and operating costs.

Transportation

Transportation Gasoline Cars Price

Study Finds Coordinated Off-peak Charging Can Support Large Scale Plug-in Use Without Additional Generation Capacity; TCO and GHG Abatement Costs for BEVs Projected to Remain High

Green Car Congress

OCTOBER 18, 2010

purchase cost of gasoline engines is some €1500 lower than of diesel engines. They assumed an oil price of US$80/bbl, close to the short-term. become competitive when batteries cost €400/kWh, even without tax incentives, as long as. We therefore. industrialised countries. ” —van Vliet et al. The team assumed.

Plug-in

Plug-in Charging PHEV Gasoline-Electric

National Low Carbon Fuel Standard study releases major Technical Analysis and Policy Design reports; providing a scientific basis for policy decisions

Green Car Congress

JULY 19, 2012

Very broadly, they found that an LCFS would buffer the economy against global oil price spikes, trim demand for petroleum, and lessen upward pressure on gas prices. Purchase credits from other regulated parties or use credits banked in previous years. Many options exist for meeting the standard.

Carbon

Carbon Oil-Sands Standards Design

Report: California Gasoline No Longer the Most Expensive

The Truth About Cars

JUNE 22, 2023

Washington has officially managed to surpass California as the state with the highest fuel prices and looks as though it’s on track to compete for that dubious honor indefinitely.& From The Seattle Times : Now oil companies are choosing to pass on the compliance fees, the experts say. The national average is presently $3.58

Gasoline

Gasoline California Seattle Washington

EV Driven

Belfer Center Brief Urges Higher, Stable Energy Prices to Achieve Long-Term Energy Policy Objectives

Norweign Drivers switch to Electric Cars

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Study concludes significant additional transport policy interventions will be required for Europe to meet its GHG reduction goal

Pike forecasts Asia-Pacific to be largest PEV market, with more than 1.2M units by 2015; China to represent 53% of total sales

UC Berkeley Study Concludes Battery Switching Model Would Accelerate Mass-Market Adoption of Electric Cars; Baseline Scenario Projects EVs Reaching 64% of New LDV Sales in 2030

RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Mixed Outlook for Mainstream Consumer Adoption of PHEVs

National Research Council report finds it unlikely the US will meet cellulosic biofuel mandates absent major innovation or a change in policies

Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

RAC Foundation: 830,000 households in UK spend at least 27% of their income on running a car; “transport poverty”

Study Finds Coordinated Off-peak Charging Can Support Large Scale Plug-in Use Without Additional Generation Capacity; TCO and GHG Abatement Costs for BEVs Projected to Remain High

National Low Carbon Fuel Standard study releases major Technical Analysis and Policy Design reports; providing a scientific basis for policy decisions

Report: California Gasoline No Longer the Most Expensive

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