Congressional Budget Office estimates US federal policies promoting EVs and other fuel-efficient vehicles will cost $7.5B through 2019; little or no impact on gasoline use and GHG in the short term
Green Car Congress
SEPTEMBER 21, 2012
Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. Another option suggested in the report is increasing the federal excise tax on sales of gasoline, which would tend to reduce gasoline use and emissions. Source: CBO.
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