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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).

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Study: air pollution caused 1.1M deaths across Africa in 2019, toll from outdoor pollution rising

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Cities are expanding, economies are growing, and life expectancy has almost doubled. Fossil fuel combustion has driven an increase in outdoor air pollution that in 2019 killed 29.15 The African continent is undergoing a massive transformation, the co-authors note. billion in 2020 to 4.3 billion by 2100.

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Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses

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Most Australians now agree our climate is changing, this is caused by carbon pollution, this has harmful effects on our environment and on the economy—and the Government should act. Transport fuels will be excluded from the carbon pricing mechanism. Household transport fuel consumption will not be subject to a carbon price.

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Study finds that increased vehicle travel and decreased occupancy have undercut the impact of improving fuel economy over last 40 years

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Sivak found that while the vehicle fuel economy of the entire light-duty fleet improved by 40% (from 13 mpg US to 21.6 l/100km), because of the decrease in vehicle load, the occupant fuel economy only improved by 17% (from 24.8 Combining these two effects yields a reduction of about 14% in the amount of fuel used.

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GFEI report suggests $2T savings from fuel economy improvements in ICE vehicles through 2025 can help fund long-term transition to plug-ins

Green Car Congress

Meanwhile, significant gains in vehicle fuel economy over the coming decades are possible and very much needed globally in order to address pressing issues of climate change, energy security and sustainable mobility. carbon fuel vehicles will be needed to continue to decarbonize LDVs and reduce oil use out to 2050 and beyond.

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UK Government Pre-Budget Report Offers Tax Exemptions for EVs, £30M in Additional Support for Low-Carbon Vehicles; Annual Fuel Tax Increases and End of Duty Differential for Biofuels

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In the Pre-Budget Report (PBR) released on 9 December, UK Chancellor Alistair Darling announced that all electric cars will be exempt from Company Car Tax (CCT) for 5 years and electric vans will be exempt from Van Benefit Charge (VBC) for the same period. This year’s PBR follows the first contraction in the global economy for 60 years.

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Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

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Minerals and the materials derived from them are at the heart of energy transition strategies, and emerging markets and developing economies are the overwhelming providers. There are also unanswered questions about how to even finance electrification or road construction and maintenance given lost revenues from fuels taxes, Foss said.

China 416