This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Researchers at Argonne National Laboratory, with colleagues from Lawrence Berkeley, Oak Ridge, and National Renewable Energy labs, and the University of Tennessee, have published a comprehensive analysis of the total cost of ownership (TCO) for 12 sizes of vehicles ranging from compact sedans up to Class 8 tractors with sleeper cabs.
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).
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
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). —“Total Cost of Ownership”. Fuel Costs.
Now, researchers at Imperial College London have shown that bioethanol production from bamboo in China is both technically and economically feasible, as well as cost-competitive with gasoline. The economic analysis found that the lowest enzyme loading had the most commercially viable scenario (production cost of $0.484 per liter (US$1.83/gallon
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.
Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. That finding takes into account both the higher purchase price of an electric vehicle and the lower fuel costs over the vehicle’s life. Source: CBO. Click to enlarge.
A new Rasmussen Reports national telephone survey finds that just 33% of likely US Voters would favor a modest increase in the gas tax even if they knew the revenue would be used only to pay for building, maintaining and repairing the Interstate Highway System. 74% of Americans oppose raising the gas tax to meet new transportation needs.
An IntelliChoice.com survey finds that most 2009 US hybrid and clean diesel cars, trucks and SUVs deliver a lower total cost of ownership compared to gasoline versions of the same (or comparable) vehicles. the Ford Escape Hybrid is compared against the conventional, gasoline-fueled Ford Escape. Tax credits matter.
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.
Though there are some exceptions to these positive results for some of the diesel versions of vehicles from a total-cost-of-ownership perspective, the overall direction of the results supports the idea that diesel vehicles are competitive within the U.S. Belzowski 2015. Click to enlarge. Average diesel take rates. Model year.
Its eligibility for a $3,750 federal tax credit drops that to $29,995. Both Prius Plug-in models qualify for a federal tax credit of $2,500. C-MAX Energi also is expected to qualify for additional tax credits up to $1,500 in California. The base MSRP for the Prius Plug-in Hybrid is $32,000.
Drivers of diesel vehicles can save thousands of dollars in total ownership costs compared to similar gasoline vehicles, according to a University of Michigan Transportation Research Institute (UMTRI) study. —UMTRI researcher Bruce Belzowski. Belzowski and UMTRI colleague Paul E. Among their findings:??.
Source: “Hidden Costs of Energy”. When such market failures occur, a case can be made for government interventions—such as regulations, taxes or tradable permits—to address these external costs, the report says. Source: “Hidden Costs of Energy”. Click to enlarge. Click to enlarge. cents to about 1.7
The key to obtaining significant reductions in transportation-related GHG emissions is to increase the cost of driving. The economy-wide CO 2 prices applied increase the cost of driving only marginally with respect to the business-as-usual case. —Morrow et al. Adoption of all of the preceding policies.
The study provides a comprehensive analysis of the cost and greenhouse gas (GHG) emissions of a variety of vehicle-fuel pathways; the levelized cost of driving (LCD); and the cost of avoided GHG emissions. Cost assessments represent a final cost/price to the consumer, excluding taxes on the final product (e.g.,
In their study, published in the ACS journal Environmental Science & Technology they found that—compared to gasoline—the GHG savings from miscanthus-based ethanol ranged between 130% and 156% whereas that from switchgrass ranged between 97% and 135%. Production cost of ethanol is annualized over the simulation period.
Tesla suggests that Model S customers will save up to CHF 300 (US$340) per month in fuel and tax savings compared to premium internal combustion vehicles, resulting in a potential effective net cost of driving Model S of about CHF 660 (US$749) per month.
users pay for the construction and maintenance of roads via a federal fuel tax. Revenues from the tax go into the federal Highway Trust Fund, which is independent of the General Fund; every five years or so Congress passes an authorization bill to allocate these revenues. States use similar mechanisms. —Huang et al.
As part of a comprehensive reform plan to simplify the Commonwealth of Massachusetts’ transportation system, Governor Deval Patrick is proposing a fuel tax increase of $0.19 The increased fuel tax is intended to be in lieu of an increase in tolls. Future increases in the state fuel tax would follow the Consumer Price Index.
As a result, emissions are around 16% lower than those of the B 200 BlueEFFICIENCY with gasoline engine, which offers equal performance. The new model belongs to efficiency class A and meets the Euro 6 emissions standard, which is not due to come into effect for all gasoline-engined vehicles until 1 September 2014.
turbodiesel engine on Cruze—one of the top-selling gasoline-powered cars in the US in 2011 and General Motors’ best-selling model globally—will establish Chevrolet as the only domestic automaker offering an American-manufactured diesel-powered compact car with a European-American developed engine. Earlier post. ).
However, the cost of CO 2 reduced was comparable or lower than that achieved through less cost-effective policies such as the tax subsidy for electric vehicles, the analysis concluded. Cost per job created. Cost per ton of carbon reduced. Click to enlarge. Click to enlarge. million, or 0.7 million tons.
Resulting gases are passed over catalysts, causing reactions that separate oxygen from carbon molecules, making the carbon molecules high in energy content, similar to gasoline molecules. Three different carbon tax scenarios are analyzed: no carbon tax, $55/metric ton carbon tax and $110/metric ton carbon tax.
found that the city’s LEAFs will cost 41% less to own and operate than gasoline-powered vehicles. Houston first began using electric vehicles for the environmental benefits they offer, but now we are planning to add even more EVs to our fleet because of the cost savings they bring. A similar study examining Loveland, Colo.
The horizontal red lines show the comparable price of gasoline (before tax, refining margin 0.3 $/gal, exchange rate: 1 € = 1.326 $) with crude oil prices 100 $/bbl and 150 $/bbl. They calculated production cost estimates assuming n th plant economics and without public investment support, CO 2 credits or tax assumptions.
Many EVs have a lower five-year cost of ownership than comparable gasoline models, according an annual roundup from Vincentric, a source for ownership cost calculations for websites and automakers.
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.
Starting MSRP is $29,995 (after a federal tax credit). The EPA estimates that driving C-MAX Energi saves almost $7,000 in fuel costs over the course of five years compared with the average new vehicle. The powertrain combines a gasoline engine, a battery-driven electric motor and the new two-motor HF35 eCVT hybrid powersplit transaxle.
The first character of the scenario represents the price of gasoline at simulation termination, the second represents “yes” or “no” on a manufacturer subsidy, and the third represents “yes” or “no”on a sales tax exemption. Consumer response under a gasoline price shock. Fleet penetration of PHEV by 2020 in different scenarios.
The study, in press in the Journal of Power Sources , examines the efficiency and costs of current and future EVs, as well as their impact on electricity demand and infrastructure for generation and distribution, and thereby on GHG emissions. Derive GHG emissions and costs of charging of EVs in the 2015 Dutch context and.
The President also announced a new research Clean Energy Grand Challenge—EV Everywhere—to make electric-powered vehicles as affordable and convenient as gasoline-powered vehicles for the average American family within a decade. Tax credits.
(Since some 36% of diesel is used off-road, such as on farms, by manufacturing, industrial and commercial ventures, and boats, a fuel tax for road use would impose an unfair burden onto these sectors, the government says.). This is equivalent to the two cent per liter increase in gasoline excise duty that will occur on the same day.
A CNG vehicle reduces CO 2 emissions by about 25% compared to a gasoline-driven equivalent. With CNG technology SEAT has the advantage of being able to offer customers a real alternative that is both effective and modern, in a vehicle that costs virtually the same as an equivalent diesel model. —Luca de Meo, President of SEAT.
Optimizing Car Leasing Tax Advantages The UK Business Benefits This article may contain affiliate links. In this blog post, we’ll explore why leasing a car, like a Cupra Formentor or a Nissan Leaf, can be an ideal choice for your business, both in terms of financial benefits and tax advantages.
Taxes are effective at cutting harmful emissions from energy use, but governments could make better use of them. Tax rates were below the low-end estimate of climate costs (EUR 30/tCO 2 ) for 97% of emissions. Comparing taxes between 2012 and 2015 yields a disconcerting result. Governments should do more and better.
Of a total weekly expenditure of £167 (US$250), those in the poorest car-owning households see £44 (US$66) go on vehicle-related purchasing and operating costs. Of the £44, £16 (US$24) is used to buy gasoline and diesel and £8.30 (US$12) is spent on insurance. The average price of unleaded gasoline in the UK in January 2013 was 132.7
Not only is it more powerful and contains up to 30% better efficiency than traditional gasoline, etc. Do they get state or federal tax breaks? In fact in 6 of the states, diesel fuel is penalized with additional state taxes. So diesel fuel gets taxed twice or penalized twice at the federal and state level. Earlier post.).
In a new departure, the A5 Sportback is also available as a bivalent g-tron, which customers can run on either Audi e-gas ( earlier post ), natural gas or gasoline. g/mi) (with S tronic), Audi is the first premium manufacturer to offer a gasoline engine in the B segment that achieves lower emissions than a comparable diesel engine.
The Responsible Battery Coalition, in partnership with the University of Michigan Center for Sustainable Systems, launched a comprehensive research project to compare the total cost of ownership of gas and electric vehicles (EVs). Projections of future gasoline and electricity prices. Refueling patterns based on driver time valuation.
To answer this question, we gathered data on (i) the quantity and location of emissions released from tailpipes and from upstream processes to produce and operate vehicles, (ii) the externality costs of damages caused by the release of these emissions, and (iii) estimates of externalities and other costs to the US associated with oil consumption.
A key barrier to achieving RFS2 is the high cost of producing biofuels compared to petroleum-based fuels and the large capital investments required to put billions of gallons of production capacity in place. Resolving most of the barriers is necessary to achieving RFS2, and many of them are interrelated as illustrated by the examples below.
The California law enabling single-occupant access to the HOV lanes was meant to stimulate sales for fuel-efficient, ultra low-emission vehicles, with the goals of reducing dependence on foreign oil and saving money at the gasoline pump.
Taxes on gasoline are meant to keep that stuff up to snuff, but the costs of maintenance and upgrades are outpacing revenue. The federal gas tax hasn't risen since 1993. Yesterday, we discussed the problem of America's crumbling roads and bridges. The reason?
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content