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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). Paltsev, M. Babiker, J.M. 2012.09.001.

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Virginia General Assembly moving forward with replacing gasoline and diesel fuel tax with sales tax; $100 annual tax for EVs, HEVs and alt-fuel vehicles

Green Car Congress

The Virginia General Assembly is moving forward with legislation ( HB2313 ), that, among its other elements, would abolish the state’s gasoline and diesel fuel taxes and replace them with a sales tax. Currently, both gasoline and diesel carry a $0.175/gallon fuel tax.

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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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API releases latest report on US and state fuel taxes

Green Car Congress

The American Petroleum Institute has released its January 2014 update report and maps on gasoline and diesel taxes for all 50 states in the US along with a national average; the information is updated quarterly. Gasoline taxes, January 2014. Diesel taxes, January 2014. 22 cpg from the October 2013 study.

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New Zealand simplifies Road User Charges system, extends exemption for light electric motor vehicles from 2013 to 2020

Green Car Congress

(Since some 36% of diesel is used off-road, such as on farms, by manufacturing, industrial and commercial ventures, and boats, a fuel tax for road use would impose an unfair burden onto these sectors, the government says.). This is equivalent to the two cent per liter increase in gasoline excise duty that will occur on the same day.

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Iowa gives B11 and above a tax break

Green Car Congress

Iowa Governor Terry Branstad signed into law a bill ( Senate File 257 ) which, among other things, raises the state’s fuel tax while providing a small incentive for biodiesel. A provision of the bill gives a partial exemption to the new tax for diesel blended with at least 11% biodiesel (B11).

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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

The credit phases out over four years once the greenhouse gas intensity of the US electricity generation declines to the point that it is 25% cleaner than 2013. Clean fuels tax credit. Any fuel that is about 25% cleaner than conventional gasoline will generally receive a credit. Repeal of other incentives.

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