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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

Green Car Congress

Self Financial, a fintech company, has compared the running costs of electric and non-electric vehicles in each state. Across the US the average annual cost of running an electric vehicle is $2,721.96, while gasoline vehicles cost an average of $3,355.90 per year to run—a difference of $633.94

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“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems

Green Car Congress

Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. The concept is the same embodied in Audi’s e-gas project ( earlier post ), to which the VGV proposal makes continued reference.

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Economic study questions cost-effectiveness of current biofuels and their ability to cut fossil fuel use; gas tax and energy efficiency improvements found more effective

Green Car Congress

A new study by economists at Oregon State University questions the cost-effectiveness of current biofuels and says they would barely reduce fossil fuel use and would likely increase greenhouse gas emissions. They evaluated the biofuels in terms of their contribution to reducing fossil fuel use and greenhouse gas emissions.

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Mercedes-Benz introducing B200 Natural Gas Drive

Green Car Congress

B200 Natural Gas Drive. Mercedes-Benz will stage the debut of the new B 200 Natural Gas Drive member of the B-Class family at the upcoming Paris Motor Show (27 September to 14 October 2012). In natural gas mode, consumption of the 115 kW (156 hp) B 200 Natural Gas Drive is 4.2 Click to enlarge. Click to enlarge.

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UMTRI study finds US diesel vehicles generally have lower total cost of ownership than gasoline vehicles

Green Car Congress

TCO for selected gas and diesel vehicles over a 3 year timeframe. Diesel vehicles generally saved owners between $2,000 to $6,000 in total ownership costs during a three to five year period when compared to similar gasoline vehicles, according to data compiled by the University of Michigan Transportation Research Institute (UMTRI).

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

Green Car Congress

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. Specific proposals include: Clean electricity tax credit.

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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). Paltsev, M. Babiker, J.M. 2012.09.001.