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US COVID-19 mitigation efforts resulting in significant decline in traffic, emissions and fuel-tax revenues

Green Car Congress

New York carried the highest rate of cases during the reporting period. Drivers there and in the surrounding states of New Jersey, New York, Rhode Island, Connecticut, Massachusetts and Vermont drove at least 80% fewer miles after shelter-in-place directives began. Fuel saved, tax revenue lost. billion per week.

Fuel Tax 243
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NJ boosts gasoline tax 22.5% to $0.507/gallon effective 1 October, diesel to $0.577

Green Car Congress

The increase brings the gasoline tax from $0.414 to $0.507 per gallon (22.5%). Under the 2016 law (Chapter 57) signed by Governor Christie, New Jersey’s TTF program is required to provide $16 billion over eight years to support critical infrastructure improvements to the state’s roadways and bridges. million.

Tax 186
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J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

Green Car Congress

The first evidence can be seen in consumer interest in the Ford Mustang Mach-E and the Tesla Model Y following the reclassification of both vehicles as SUVs, which made them eligible for a $7,500 federal tax credit under the Inflation Reduction Act. Additionally, both manufacturers recently announced significant price cuts on both models.

Price 404
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Washington state legislature considering bill mandating all-electric LDVs after MY 2030

Green Car Congress

Since the bill was introduced last year as the first-of-its-kind in the US to set a deadline for the transition to EVs, California, Massachusetts, and New Jersey have announced 2035 targets for ending sales of new internal combustion engined cars. a transition strategy for those negatively impacted by the requirement.

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Ford Focus Electric in California qualifies for $10K in tax credits, HOV access

Green Car Congress

California buyers of the Ford Focus Electric will be able to receive up to $10,000 in tax credits ($2,500 state, $7,500 federal) and enjoy high-occupancy vehicle lane (HOV) access after the car was just approved for California’s Clean Vehicle Rebate Program ( CVRP ). 3 and 7, respectively, for the worst congestion in the US.

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EIA: California home to almost half of US plug-in electric vehicles

Green Car Congress

Several states offer tax incentives to reduce the upfront cost of PEVs to consumers. These incentives are in addition to a federal (nationwide) tax credit, which ranges from $2,500 to $7,500 depending on battery capacity and gross vehicle weight. sales and use tax. Electric vehicles per 1,000 vehicles.

Plug-in 381
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PBF considering $550M investment to convert idled refinery unit to renewable diesel production

Green Car Congress

PBF Energy and its potential partners are considering Chalmette Refining along with other facilities for the renewable diesel project, and it expects to make a final investment decision after local taxing bodies in St. The company also is expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs.

Renewable 186