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Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

In terms of investment in innovation for cleaner energy, the plan calls for: Investment in advanced fossil energy projects. In addition, the President has directed his Administration to purchase cleaner alternatives to HFCs whenever feasible and transition over time to equipment that uses safer and more sustainable alternatives.

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Sen. Baucus draft for energy tax reform focuses on clean production of electricity and fuels; repeals plug-in vehicle credits

Green Car Congress

If Congress continues to extend current incentives, they will cost nearly $150 billion over 10 years. The tax credit expires when the cleanliness of the US electricity market increases significantly. The cleaner the facility, the larger the credit. Clean fuels tax credit. Repeal of other incentives.

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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

Other policies, such as a tax on the carbon content of fossil fuels, could focus on low-cost reductions in emissions outside the transportation sector. They should also be benchmarked to maintain their lead- ing edge, and states should move away from fuel taxes and toward carbon pricing to compensate governments for their lost revenue.