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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. million barrels per day, relative to 2008 levels.

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Study Finds That Implementation of a Portfolio of Transportation Strategies Will Be Required for Significant Reductions in GHG from Transportation Sector; Pricing Strategies Have the Largest Potential

Green Car Congress

per gallon fuel tax by 2050) could result in an additional reduction of 28% in GHG emissions. The Moving Cooler baseline extrapolated these projections further to 2050, resulting in a potential doubling or greater of fleet fuel efficiency. Tags: Climate Change Emissions Policy. carbon pricing) are considered.

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

Green Car Congress

Overall, we have substantial opportunities for reducing environmental and climate impacts from light-duty road vehicles. Market-based incentives should be implemented to support the US Corporate Average Fuel Economy (CAFE) LDV requirements. miles per gallon will not reflect what most new car buyers should expect to achieve in 2025.

MIT 150