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Subaru Crosstrek Hybrid, cheap renewables, tax credits: Today's Car News

Green Car Reports

A new report shows that building new renewable power can be cheaper than running old coal plants. Automakers join forces to lobby for extending electric-car tax credits. California regulatory documents show range estimates for the new Subaru Crosstrek Hybrid. And California preps for half a million electric cars.

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Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

Green Car Congress

US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. More than half the subsidies for renewables—$16.8

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Fuel provisions in the Tax Relief bill

Green Car Congress

The bill extends the Volumetric Ethanol Excise Tax Credit (VEETC) through 2011 at the current rate of $0.45/gallon gallon producer tax credit for small ethanol producers producing no more 60 million gallon of ethanol a year. Biodiesel and renewable diesel. Refined Coal. The bill extends through 2011 the $0.50/gallon

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Senate version of “Fiscal Cliff” legislation includes 12 energy tax extenders; boost for algae

Green Car Congress

The amended bill, now called the “American Taxpayer Relief Act of 2012” and next to be considered by the House, contains 12 extensions outlined in Title IV of the bill, ranging from extension of production credits for Indian coal facilities to benefits for alternative fuels (including algal biofuels) and plug-in vehicles.

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Solar, wind to lead US power generation growth for the next 2 years

Baua Electric

Renewable sources – wind, solar, hydro, biomass, and geothermal – accounted for 22% of generation, or 874 billion kWh, last year. Annual renewable power generation surpassed nuclear for the first time in 2021 and coal for the first time in 2022. In 2023, the US electric power sector produced 4,017 billion kWh of power.

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President’s Jobs Council recommends an “All-in” energy strategy; from fossil fuels and pipelines, to efficiency, renewables and vehicle electrification

Green Car Congress

In its 2011 year-end report, Road Map to Renewal , the President’s Council on Jobs and Competitiveness (Jobs Council) made a number of recommendations to create jobs in the short run and improve US competitiveness over the long term. —“Road Map to Renewal”. The federal government should also streamline the permitting process.

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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

However, where applicable, an equivalent carbon price will be applied through changes in fuel tax credits or excise. Some of the collected tax money will fund investments in clean technologies such as solar, wind and geothermal—an estimated A$100-billion worth of investment in renewable over the next 40 years, Gillard said.