Climate, Economy and Fuel Tax

MIT study finds fuel economy standards are 6-14 times less cost effective than fuel tax for reducing gasoline use

Green Car Congress

FEBRUARY 21, 2013

In a study published in the journal Energy Economics , MIT researchers have found that a fuel economy standard is at least six to fourteen times less cost effective than a fuel tax when targeting an identical reduction in cumulative gasoline use (20% by 2050). Paltsev, M. Babiker, J.M. 2012.09.001.

Fuel Economy

Fuel Economy MIT Fuel Tax Economy

President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Green Car Congress

JUNE 23, 2022

To that end, following on Biden’s campaign promise to “end fossil fuel,” policy and investment signals are being sent by various federal agencies and allied state governments to the market about the refining industry: EPA just finalized a light duty vehicle standard that incentivizes at least 17% electric vehicle sales by 2026.

Congress

Congress Fuel Tax Tax Fuel

OECD: governments should make better use of energy taxation to address climate change; “meaningful” increases limited to road sector

Green Car Congress

FEBRUARY 14, 2018

Tax rates were below the low-end estimate of climate costs (EUR 30/tCO 2 ) for 97% of emissions. The report found that the share of emissions taxed above climate costs increased from 46% in 2012 to 50% in 2015, and rates exceed €50 per tCO 2 for 47% of emissions in 2015, compared to 37% in 2012. of emissions.

Climate Change

Climate Change Climate Tax Energy

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

JUNE 25, 2013

Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Preparing the US for the impacts of climate change. Earlier post.).

Obama

Obama Cleaner Climate Fuel Economy

Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses

Green Car Congress

JULY 10, 2011

We have had a long debate about climate change in this country. Most Australians now agree our climate is changing, this is caused by carbon pollution, this has harmful effects on our environment and on the economy—and the Government should act. Transport fuels will be excluded from the carbon pricing mechanism.

Tax Credit

Tax Credit Fuel Tax Carbon Australia

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

NOVEMBER 8, 2013

Meanwhile, significant gains in vehicle fuel economy over the coming decades are possible and very much needed globally in order to address pressing issues of climate change, energy security and sustainable mobility. carbon fuel vehicles will be needed to continue to decarbonize LDVs and reduce oil use out to 2050 and beyond.

Fuel Economy

Fuel Economy Economy Plug-in Plug

Study finds behavior-influencing policies remain critical for mass market success of low-carbon vehicles

Green Car Congress

JULY 23, 2018

Here, we develop state-of-the-art representations of consumer preferences in multiple global energy-economy models, specifically focusing on the non-financial preferences of individuals. More than 90% of such vehicles are powered by internal combustion engines burning oil-derived fuels. Note the different scaling used in the graphs.

Carbon

Carbon Market Alternative Fuels Vehicles

UK Government Pre-Budget Report Offers Tax Exemptions for EVs, £30M in Additional Support for Low-Carbon Vehicles; Annual Fuel Tax Increases and End of Duty Differential for Biofuels

Green Car Congress

DECEMBER 21, 2009

In spring the Chancellor presents the annual Budget statement, which includes a detailed assessment of the state of the economy and the nation’s finances. In his statement, the Chancellor may announce changes to taxes and new spending measures. This year’s PBR follows the first contraction in the global economy for 60 years.

Tax

Tax Carbon Fuel Tax Fuel

IEA technology and policy reports outline paths to halving fuel used for combustion-engined road transport in less than 40 years

Green Car Congress

SEPTEMBER 20, 2012

IEA fuel economy readiness index status, 2010. New propulsion systems requiring new fuels, such as plug-in electric vehicle systems and fuel cell systems, are beyond the scope of this technology roadmap and are treated in separate roadmaps. Average fuel economy and new vehicles registrations, 2005 and 2008.

Fuel Economy

Fuel Economy Fuel Transportation Engine

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

MARCH 8, 2010

Economy-wide CO 2 prices of $30-60/t CO 2 are too weak on their own to motivate significant reductions in CO 2 emissions from transportation. 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.

Tax Credit

Tax Credit Tax Emissions Fuel

CEPS task force report identifies tightening emissions standards as key policy to hit EU 60% reduction in transport GHG; full life-cycle emissions optimal metric

Green Car Congress

JULY 1, 2013

Member states should consider strategies to compensate for the taxation shortfall from fuels due to higher fuel economy by, for example, gradually adapting the minimum fuel tax level in the EU to increase incentives to shift to higher fuel economy and to keep total tax paid constant in real terms for both the consumer and the state revenues.

Emissions

Emissions Transportation Standards Climate Change

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

JULY 29, 2009

Strong economy-wide pricing measures (such as a $5.00 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. Land use and smart growth.

Transportation

Transportation Price Fuel Economy Economy

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

Green Car Congress

MARCH 16, 2016

Overall, we have substantial opportunities for reducing environmental and climate impacts from light-duty road vehicles. The recommendations include: Improving the fuel consumption of mainstream vehicles is the primary nearer-term opportunity for reducing fuel use and GHG emissions.

MIT

MIT Transportation Climate Energy

We Need More Than Just Electric Vehicles

Cars That Think

AUGUST 20, 2022

Most automotive manufacturers say they plan to use renewable energy in the future, but for now, most battery production relies on electric grids largely powered by fossil fuels. Can EVs be good enough—and can manufacturers roll them out fast enough—to meet the goals set in 2021 by the 26th United Nations Climate Change Conference (COP26)?

Electric Vehicles

Electric Vehicles Vehicles West Virginia Electric

EV Driven

MIT study finds fuel economy standards are 6-14 times less cost effective than fuel tax for reducing gasoline use

President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

OECD: governments should make better use of energy taxation to address climate change; “meaningful” increases limited to road sector

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

Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses

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

Study finds behavior-influencing policies remain critical for mass market success of low-carbon vehicles

UK Government Pre-Budget Report Offers Tax Exemptions for EVs, £30M in Additional Support for Low-Carbon Vehicles; Annual Fuel Tax Increases and End of Duty Differential for Biofuels

IEA technology and policy reports outline paths to halving fuel used for combustion-engined road transport in less than 40 years

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

CEPS task force report identifies tightening emissions standards as key policy to hit EU 60% reduction in transport GHG; full life-cycle emissions optimal metric

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

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

We Need More Than Just Electric Vehicles

Stay Connected