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

Green Car Congress

The obvious one is increased fuel taxes, but somehow governments need to make sure the benefits of better technology aren’t wiped out by increased demand for lower-priced fuel. The impact of lower oil consumption in Europe on world oil prices (Enerdata 2009). Car fleet composition in the EU under the different scenarios.

Oil 150
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We Need More Than Just Electric Vehicles

Cars That Think

In the meantime, EV buyers’ sticker shock could be alleviated by the knowledge that fuel and maintenance costs are far lower for EVs and that total ownership costs are about the same. estimates that by 2030 the deployment of EVs could cut global receipts from fossil-fuel taxes by around US $55 billion. passenger vehicles.