Remove tag Government
article thumbnail

Biodiesel Board Study Asserts Critical Importance of Biodiesel Tax Credit, Calls for Extension

Green Car Congress

The original biodiesel tax credit was passed in 2004 and has been extended twice. per gallon excise tax credit. Economic Impact of Eliminating the Biodiesel Tax Credit. Tags: Brief. The study was conducted by economic analyst John M.

article thumbnail

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

Strong income tax credits for the purchase of new diesel, hybrid, and plug-in hybrid vehicles are very expensive and essentially ineffective at reducing GHG emissions from transportation. Purchase tax credits are an expensive way to reduce oil consumption and GHG emissions from transportation. —Morrow et al.

article thumbnail

US House Passes Algae-based Renewable Fuel Promotion Act

Green Car Congress

Harry Teague {NM-2] and 13 others, the bill amends the Internal Revenue Code to: expand the definition of cellulosic biofuel to include algae-based biofuel for purposes of the cellulosic biofuel producer tax credit; and. This would give algae-based biofuel tax parity with cellulosic biofuels with respect to a $1.01

Renewable 210
article thumbnail

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

Green Car Congress

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. billion) and the Credit for Production of Nonconventional Fuels ($14.1

Renewable 338
article thumbnail

Nissan and Hawaii Partner on EVs

Green Car Congress

Hawaii is providing a $4,500 state tax credit towards the purchase of an electric vehicle and a $500 state tax credit towards the purchase and installation of a home charging station. Tags: Brief. The Nissan LEAF EV will be available in Hawaii beginning in January 2011. US Senator Daniel K.

Hawaii 199
article thumbnail

Electrification Coalition releases Fleet Electrification Roadmap; suggests fleet adoption could put a cumulative 200,000 PHEVs and EVs on the road by 2015

Green Car Congress

The Electrification Coalition (EC) has released the Fleet Electrification Roadmap, an analysis of the business case for electric-drive technology adoption among the more than 16 million commercial, corporate, and government fleet vehicles in the United States. Tags: Electric (Battery) Fleets Plug-ins Policy. Earlier post.).

Fleet 236
article thumbnail

GAO Report Concludes Industry and Government Face Significant Challenges in Meeting RFS Target While Minimizing Unintended Adverse Effects; Suggests Federal Research Give Priority to Non-Ethanol Biofuels

Green Car Congress

A report recently published by the US Government Accountability Office (GAO) concludes that the US biofuels industry and federal agencies will face significant challenges in meeting the more demanding requirements for volumes of advanced biofuels in RFS2 while minimizing any unintended adverse effects. tax credit is.