article thumbnail

U Chicago study proposes market-based approach to fuel economy standards to deal with impacts of fuel price volatility

Green Car Congress

Volatile gasoline prices have caused some regulators and carmakers alike to question the cost and effectiveness of current fuel economy standards, with some arguing they are too stringent and others saying they should be even stronger. —Ryan Kellogg, summarizing his research.

article thumbnail

U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

Green Car Congress

A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. Their analysis is published in the Journal of Economic Perspectives.

Chicago 150
article thumbnail

US average retail gasoline prices ended 2017 lower than they started

Green Car Congress

US regular retail gasoline prices averaged $2.72 However, a rapid price decline beginning in October led to US average regular gasoline prices ending the year lower than they began for the first time since 2015, according to the US Energy Information Administration (EIA). Midwest (Chicago and Cleveland). gal to $2.91/gal

Gasoline 236
article thumbnail

GM’s Maven car-sharing reaches 1M miles driven in <4 months; Boston, Chicago, and DC joining lineup

Green Car Congress

and is adding Boston, Chicago and Washington, D.C. In Chicago, the Maven City car sharing program is now in operation, with pricing starting at $8 an hour including insurance and fuel. Express Drive allows Lyft ride share service drivers in the Chicago area to rent Chevrolet Equinox crossovers for $99 a week.

Chicago 150
article thumbnail

ICCT study assesses infrastructure needed to support near term deployment of zero-emission Class 4-8 vehicles in US

Green Car Congress

Counties in Southern California, the Texas triangle, and around Phoenix, Salt Lake City, and Chicago will experience the greatest energy demands from electric trucks. kWh and hydrogen prices as low as $8/kg. kWh and hydrogen prices as low as $8/kg.

Emissions 442
article thumbnail

Argonne rolls out updated version of AFLEET alternative fuels and advanced vehicles analysis tool

Green Car Congress

The US Department of Energy (DOE’s) Argonne National Laboratory is releasing an updated version of its AFLEET tool to reflect the latest advances in alternative fuels and advanced vehicle technologies and updated emissions data. There really isn’t a tool out there to look at alternative fuels and advanced vehicles in this way.

article thumbnail

Study finds limiting warming to 2 °C would require at least a $200/t carbon tax globally

Green Car Congress

A study by University of Chicago economist Esteban Rossi-Hansberg, the Glen A. If we were able to measure this social cost accurately, standard Pigouvian logic tells us that the optimal tax should be such that the price of carbon is equal to this social cost. The price of carbon should then be set at this price, everywhere.

Tax 397