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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 fueltax when targeting an identical reduction in cumulative gasoline use (20% by 2050). Paltsev, M. Babiker, J.M. 2012.09.001.
The Virginia General Assembly is moving forward with legislation ( HB2313 ), that, among its other elements, would abolish the state’s gasoline and diesel fueltaxes and replace them with a sales tax. Currently, both gasoline and diesel carry a $0.175/gallon fueltax.
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 gasolinetax could bring about an increase in CO 2 emissions.
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. Gasolinetaxes, January 2014. Diesel taxes, January 2014. 22 cpg from the October 2013 study.
(Since some 36% of diesel is used off-road, such as on farms, by manufacturing, industrial and commercial ventures, and boats, a fueltax 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.
Iowa Governor Terry Branstad signed into law a bill ( Senate File 257 ) which, among other things, raises the state’s fueltax 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).
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 fuelstax credit. Any fuel that is about 25% cleaner than conventional gasoline will generally receive a credit. Repeal of other incentives.
The ZEV Regulation has been amended multiple times since its inception (most recently in January 2012 and October 2013) to reflect the pace of ZEV development, the emergence of new ZEV and near-ZEV technologies, and the need to provide clarifying language in an increasingly complex regulatory system.
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