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

Green Car Congress

He also continued his calls for the oil industry to increase refinery capacity to increase production. An update was due 21 June, but EIA said that data product releases scheduled for this week—20 June 2022—will be delayed as a result of systems issues.) However, the cost of refining in other nations is currently higher.

Congress 259
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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

A new study from the Harvard Kennedy School’s Belfer Center for Science and International Affairs finds that reducing greenhouse gas emissions from transportation will be a much bigger challenge than many assume, and will require substantially higher fuel prices combined with more stringent regulations. Source: Morrow et al.

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BCG study finds conventional automotive technologies have high CO2 reduction potential at lower cost; stiff competition for electric cars

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BCG comparison of the CO 2 reduction potential and cost of different technologies. In addition, the cost to the consumer would be about $50 to $60 per percent CO 2 reduction—roughly half the cost of what was expected three years ago. Source: BCG. Click to enlarge. Source: BCG. Click to enlarge. ICE-propelled vehicles.

CO2 246
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IEA technology and policy reports outline paths to halving fuel used for combustion-engined road transport in less than 40 years

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IEA fuel economy readiness index status, 2010. The policy package includes a new fuel economy readiness index, which measures the extent to which countries have implemented steps that will fully exploit the potential of existing fuel economy technologies and maximise their use in vehicles. Source: Policy package. Policy package.

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Study Finds Government Mandates Superior to All Other Biofuels Policies, But Mixing With Subsidies Causes Adverse Effects; The Argument for a Direct CO2 Tax

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However, production costs of US corn-ethanol are very high. The gap between the intercept of the ethanol supply curve and the oil price creates large deadweight costs that may overwhelm any external benefits. Subsidies and mandates by themselves do not discriminate against international trade.

Tax 210
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Sen. Baucus draft for energy tax reform focuses on clean production of electricity and fuels; repeals plug-in vehicle credits

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introduced the latest in a series of discussion drafts to overhaul the US tax code. This new staff discussion draft focuses energy tax policy on stimulating domestic, clean production of electricity and transportation fuels, which account for 68% of energy consumed in the US.

Tax 281
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Profile: Li-ion Battery and Pack Supplier Valence Technology

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Valence differentiates its lithium-ion products through its cathode (positive terminal in discharge) material, a lithium iron magnesium phosphate (LiFe 1-x Mg x PO 4 ). Two global fulfillment centers—one in Rotterdam and one in Dallas—can ship product to customers within 72 hours. a provider of lithium-ion batteries, modules and packs.

Li-ion 150