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UK Government Pre-Budget Report Offers Tax Exemptions for EVs, £30M in Additional Support for Low-Carbon Vehicles; Annual Fuel Tax Increases and End of Duty Differential for Biofuels

Green Car Congress

Other elements of the PBR to support lower-carbon transportation include: The PBR 2009 confirms that—as announced at Budget 2009—fuel duty will increase by one penny per liter (US$0.06 As also announced in the 2008 Budget, the 20 pence per liter (US$1.21 per gallon US) in real terms on 1 April each year from 2010 to 2013.

Tax 186
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Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions

Green Car Congress

Direct transportation (fuel) taxes generate the greatest reductions in CO 2 emission from transportation, achieving CO 2 emissions at 86% of 2005 levels by about 2025. While CO 2 prices are equivalent to fuel taxes, CO 2 prices at their projected levels are far too small to create a significant incentive to drive less.

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IEA technology and policy reports outline paths to halving fuel used for combustion-engined road transport in less than 40 years

Green Car Congress

IEA fuel economy readiness index status, 2010. New propulsion systems requiring new fuels, such as plug-in electric vehicle systems and fuel cell systems, are beyond the scope of this technology roadmap and are treated in separate roadmaps. Average fuel economy and new vehicles registrations, 2005 and 2008.

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

Green Car Congress

Most analyses of the economic assessments of energy efficiency measures normally use fixed oil prices when accounting for economic benefits. The good news is that the economic benefits of reducing energy use in transport are greater than they were previously thought. Enerdata concluded that a 0.9% Jos Dings, T&E Director.

Oil 150
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MIT Energy Initiative report on transforming the US transportation system by 2050 to address climate challenges

Green Car Congress

According to the report, “On the Road Toward 2050: Potential for Substantial Reductions in Light-Duty Vehicle Energy Use and Greenhouse Gas Emissions,” each element is separately important, but must collectively be pursued aggressively to achieve necessary emissions reductions.

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