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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

In evaluating the effectiveness of the credit, the report provides the caveat that ‘As yet, no reliable estimates exist of the share of electric vehicle sales that can be attributed to the tax credits.’. Effects of Federal Tax Credits for the Purchase of. Cultivate local PEV clusters. Electric Vehicles.

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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. passenger vehicles.