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Study finds limiting warming to 2 °C would require at least a $200/t carbon tax globally

Green Car Congress

These heterogeneous effects mean that different countries will have differing incentives to abide by the Paris Agreement, which aims to limit global warming below 2 °C relative to pre-Industrial levels. It measures the social cost in US dollars of adding a ton of CO 2 to the atmosphere. —Cruz & Rossi-Hansberg.

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

Green Car Congress

President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. He also called on states to suspend their state gas taxes as well or to find other ways to deliver some relief.

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Texas considers EV tax, and EV owners are on board

Teslarati

The Texas State Legislature is considering levying a tax against EV owners to fund road upkeep and improvement, and EV owners are on board. Electric vehicles are the choice for many consumers not only due to their environmental benefits but also due to their reduced cost of ownership.

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MIT study finds fuel economy standards are 6-14 times less cost effective than fuel tax for reducing gasoline use

Green Car Congress

In a study published in the journal Energy Economics , MIT researchers have found that a fuel economy standard is at least six to fourteen times less cost effective than a fuel tax when targeting an identical reduction in cumulative gasoline use (20% by 2050). —Karplus et al.

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U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

Green Car Congress

A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. Their analysis is published in the Journal of Economic Perspectives.

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Is the Depreciation Cost of Electric Vehicles the Same as Conventional Vehicles?

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  In this, we will explore whether the depreciation cost of EVs is the same as that of conventional vehicles and the basics of the factors involved in depreciation for any type of vehicle. Before moving on we should have an open mind on the process of calculating the depreciation cost of an EV.

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Carbon Trust awards £2M to ACAL Energy and ITM Power to support major reduction in cost of automotive fuel cell systems

Green Car Congress

million) to two UK fuel cell companies—ACAL Energy and ITM Power—to help deliver a step change reduction in the cost of the technology to about $35/kW. Production of advanced automotive fuel cell systems currently under development globally are forecast to cost approximately $50/kW at mass manufacture volumes.

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