article thumbnail

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

Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. That finding takes into account both the higher purchase price of an electric vehicle and the lower fuel costs over the vehicle’s life. Source: CBO. Click to enlarge.

article thumbnail

Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

And magically, as more electricity comes from lower-carbon fuel sources, our cars will get cleaner as they get older! While we’re fixing vehicles, we can also equip them with low-cost real-time MPG indicators that show us how to save money and still get to places quickly. We have cleaner, cheaper, safer ways to drive everywhere.

Oil 252