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Motor vehicle taxation brings in €440.4B for governments in major European markets

Green Car Congress

New data shows that motor vehicles generate more than €440 billion in taxation per year for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. The top 5 countries with the highest motor tax revenues are: Germany ? United Kingdom ?

Motors 284
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T&E: Rising use of private jets sends CO2 emissions soaring

Green Car Congress

The upside is that the private jet market is ideally suited to help bring about aviation’s Tesla moment, making hydrogen and electric planes a reality. Despite the disproportionate climate impact, private jets are untaxed in most European nations because of exemptions from the EU’s carbon pricing scheme (EU ETS) and untaxed kerosene.

Emissions 418
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Study finds CO2 emissions trading more effective path to automotive CO2 reduction in Europe than tailpipe standards

Green Car Congress

In our study we focus on cars, while the EU also imposed the emission targets for vans (which account for around 10% of the EU market for light-duty vehicles) and considered a strategy to reduce CO 2 emissions from trucks, buses, and coaches. —Sergey Paltsev.

Standards 218
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Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil

Green Car Congress

A new study by the French institute Enerdata, commissioned by the European Federation for Transport & Environment (T&E), suggests that the European CO 2 standards for new vehicles due to come into effect in 2012 will lead not only to a European savings on oil (mainly via lower oil import volumes) but also to slightly lower global oil prices.

Oil 150
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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

Total cost of ownership economics for electric cars will also be significantly influenced by government incentives and fuel and electricity prices. The study concludes that China and Europe, not the United States, will be the largest markets for EVs in 2020, driven by strong government support. Source: BCG. Click to enlarge.

CO2 246
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Study Finds Government Mandates Superior to All Other Biofuels Policies, But Mixing With Subsidies Causes Adverse Effects; The Argument for a Direct CO2 Tax

Green Car Congress

This is due to the intricate interrelationships between energy and commodity markets and the varied environmental consequences. Foremost among those findings is that a quantity-based biofuel mandate is superior to a price-based consumption subsidy. de Gorter and Just. However, production costs of US corn-ethanol are very high.

Tax 210
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We Need More Than Just Electric Vehicles

Cars That Think

The good news is that 2035 is the year suggested at the COP26 for all new car and vans in leading markets to be zero-emissions vehicles, and many manufacturers and governments have committed to it. Governments have offered subsidies or tax rebates to make EVs more appealing, a policy which the U.S. passenger vehicles.