article thumbnail

Is A Tax On Electricity (kWh) Consumed The Best Way to Supplement the Fuel Tax for Electric Vehicles?

EV Adoption

As sales of electric vehicles begin to reach significant numbers across the US, states are exploring approaches to replace lost tax revenue since EV drivers don’t pay fuel taxes as drivers of gas-powered cars do at gas stations. Unfortunately there is currently no simple and agreed upon best replacement for the fuel tax.

article thumbnail

Motor vehicle taxation brings in €440.4B for governments in major European markets

Green Car Congress

The taxes fall into three broad categories: vehicle acquisition (VAT, sales tax, registration tax); ownership (annual circulation tax, road tax); and motoring (fuel tax). Motor tax revenues collected by governments have increased by almost 3% compared to the previous year, and the grand total of €440.4

Motor 284
article thumbnail

Report: Tesla lobbied for higher taxes on gas and diesel vehicles in the UK

Green Car Reports

Tesla lobbied the United Kingdom government to raise taxes on gasoline and diesel cars in order to fund higher subsidies for electric cars, The Guardian reported Tuesday.

Tax 170
article thumbnail

Washington state legislature approves $16.9B transportation package; targeting all new cars to be electric with MY 2030

Green Car Congress

The revenue package adopted a shift in funding sources after an export fuel tax projected to provide $2 billion in funding was removed on the House floor. The Clean Cars 2030 legislation—which sets a target for all new light-duty vehicles sold in the state to be electric by 2030—also passed as part of the package.

article thumbnail

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).

article thumbnail

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

Green Car Congress

The report, authored by experts from Aberdeen University, Imperial College and E4tech Consulting, finds that Government must do much more than promote electric cars if it wants rapid and deep cuts in transport emissions. It also discusses fuel taxes and prices, which affect both travel and vehicle choices.

Fuel Tax 150
article thumbnail

BCG study finds conventional automotive technologies have high CO2 reduction potential at lower cost; stiff competition for electric cars

Green Car Congress

As a result, BCG concludes, the electric car faces stiff competition from ICEs (internal combustion engines) and, based solely on total cost of ownership (TCO) economics, will not be the preferred option for most consumers. BCG expects these to be mainstream across most passenger-car segments in all major markets. Source: BCG.

CO2 246