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

Green Car Congress

About half of US refinery shutdowns are conversions to renewable fuel production. Similarly, NHTSA’s new fuel economy standards project to reduce gasoline consumption by more than 200 billion gallons through 2050. Other important suppliers to the US., including refineries in Canada, are being similarly converted.

Congress 259
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Congressional Budget Office estimates US federal policies promoting EVs and other fuel-efficient vehicles will cost $7.5B through 2019; little or no impact on gasoline use and GHG in the short term

Green Car Congress

Increased sales of electric vehicles allow automakers to sell more low-fuel-economy vehicles and still comply with the federal standards that govern the average fuel economy of the vehicles they sell (known as CAFE standards). Indirect effects. That effect may be large. Cultivate local PEV clusters.

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We Need More Than Just Electric Vehicles

Cars That Think

Credit the EV’s advantage to its greater efficiency in the conversion of chemical energy to motion—77 percent, compared with 12 to 30 percent for a gasoline car—along with the potential to generate electricity using low-carbon sources. Those tax revenues are necessary for the maintenance of roads. 6 million. passenger vehicles.