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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).

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New UK Report Welcomes Moves to Promote Green Cars but Stresses Importance of Policies to Reduce Car Use

Green Car Congress

The report reviews policies that bear upon two categories of choice: travel choices such as how and how far to travel and vehicle purchase choices. It also discusses fuel taxes and prices, which affect both travel and vehicle choices. Medium-term potential exists in reallocating road space to extend bus and light rail provision.

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Automotive Market Research Perspectives on Selling Green in a Try-to-Survive Market

Green Car Congress

In a panel session entitled “Does Green Matter in a Try-to-Survive Market?” How big is the green market? Strategic Vision shared data that only a small portion of consumers in the US are “ truly green ”, which means the customer is willing to pay significantly more for a green vehicle.

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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

In the Pre-Budget Report (PBR) released on 9 December, UK Chancellor Alistair Darling announced that all electric cars will be exempt from Company Car Tax (CCT) for 5 years and electric vans will be exempt from Van Benefit Charge (VBC) for the same period. The PBR also has news of an additional £30 million (US$48.5 Earlier post.).

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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

The nonpartisan US Congressional Budget Office (CBO) estimates that federal policies to promote the manufacture and purchase of electric vehicles, some of which also support other types of fuel-efficient vehicles, will have a total budgetary cost of about $7.5 —“Effects of Federal Tax Credits for the Purchase of.

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National Research Council Report Explores Improving Fuel Economy of Medium- and Heavy-Duty Vehicles; Recommends Immediately Beginning Developing a Regulatory Approach

Green Car Congress

Significant engineering work will needed to produce an approach that results in fuel efficiency standards that are cost effective and that accurately represent the effects of fuel consumption reducing technologies. The report does not recommend a specific numerical standard. The report urges Congress to consider this approach.

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GM weighs in against Washington’s proposed EV surtax

Green Car Congress

Chris Gregorie asking that a proposed $100 EV surtax be removed from the state’s transportation bill (Senate Bill 6455, ESSB 6455) on the grounds that it will create a disincentive toward the purchase of an EV. Proponents of the surtax argue the fee is needed to offset losses in state gas tax revenues since EV owners don’t need to buy gas.

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