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Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions

Green Car Congress

The key to obtaining significant reductions in transportation-related GHG emissions is to increase the cost of driving. The economy-wide CO 2 prices applied increase the cost of driving only marginally with respect to the business-as-usual case. —Morrow et al. million barrels per day, relative to 2008 levels.

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

Green Car Congress

BCG comparison of the CO 2 reduction potential and cost of different technologies. In addition, the cost to the consumer would be about $50 to $60 per percent CO 2 reduction—roughly half the cost of what was expected three years ago. BCG expects pack costs for OEMs will fall to ~$360-440 per kWh by 2020.

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GFEI report suggests $2T savings from fuel economy improvements in ICE vehicles through 2025 can help fund long-term transition to plug-ins

Green Car Congress

The GFEI, a partnership of international agencies and top energy policy experts, suggests that these cost savings could in part be used to help offset the costs of developing a global market for electric vehicles over this time frame, since the savings are estimated to be at least four times bigger than these costs.

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UC report to CalEPA outlines policy options to decarbonize California transportation by 2045

Green Car Congress

The scenario analysis includes an estimate of the total costs of the LC1 compared to the BAU scenario. Transportation pricing: Gasoline taxes. Shift to VMT-based road fees as the number of ZEVs grows and fuel tax revenues decline. Active transportation. Public transit investments, expansion, and incentives.

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MIT Energy Initiative report on transforming the US transportation system by 2050 to address climate challenges

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The market for pure BEVs is likely to be limited because their inherently limited driving range and long recharging times, and their high cost, make them less attractive to purchasers looking for an all-purpose vehicle. However, the flexibility and lower costs of PHEVs appear to trump this simplicity, certainly in the nearer term.

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