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MIT study finds fuel economy standards are 6-14 times less cost effective than fuel tax for reducing gasoline use

Green Car Congress

In a study published in the journal Energy Economics , MIT researchers have found that a fuel economy standard is at least six to fourteen times less cost effective than a fuel tax when targeting an identical reduction in cumulative gasoline use (20% by 2050). Babiker (2013) Energy Economics , 36: 322–333 doi: 10.1016/j.eneco.2012.09.001.

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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

A 100% first year tax allowance will also be provided for the purchase of electric vans subject to State Aid clearance. million) to support low carbon vehicle development, including an expansion of the Technology Strategy Board’s ultra-low carbon vehicles competition. The PBR also has news of an additional £30 million (US$48.5

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Study explores impact of changing gasoline and diesel taxes in Europe

Green Car Congress

Diesel is currently taxed at a lower level than gasoline in Europe; however, since 2011 the EC has been considering reversing that situation by making energy taxes systematically reflect the CO 2 performance of the energy product. A scheme including a decreased gasoline tax could bring about an increase in CO 2 emissions.

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CEPS task force report identifies tightening emissions standards as key policy to hit EU 60% reduction in transport GHG; full life-cycle emissions optimal metric

Green Car Congress

The report argues that the biggest component of total transport reductions could come from more energy-efficient vehicles, combined with the gradual introduction of low-carbon fuels and new engine technologies. The report identified five main technology paths towards low-carbon transport. —CEPS report.

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Sen. Baucus draft for energy tax reform focuses on clean production of electricity and fuels; repeals plug-in vehicle credits

Green Car Congress

However, after 2016, a 20% investment tax credit can be claimed for existing facilities that undertake a carbon capture and sequestration retrofit that captures at least 50% of carbon dioxide emissions. Clean fuels tax credit. The cleanliness of the fuel determines the size of the credit.

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GFEI report suggests $2T savings from fuel economy improvements in ICE vehicles through 2025 can help fund long-term transition to plug-ins

Green Car Congress

Increasingly efficient conventional combustion-engine vehicles will be key in moving towards a low carbon future, according to the GFEI. carbon fuel vehicles will be needed to continue to decarbonize LDVs and reduce oil use out to 2050 and beyond. If the question is ‘how do we move to a low carbon future for vehicles?’,

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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

DOE will take comment on the draft solicitation, with a plan to issue a final solicitation by the fall of 2013. Methane currently accounts for roughly 9% of domestic greenhouse gas emissions and has a global warming potential that is more than 20 times greater than carbon dioxide. A Federal Quadrennial Energy Review.

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