Remove Financing Remove Gasoline Remove Tax
article thumbnail

Taxing the Distance

Energy Institute at HAAS

Skip to content Menu Home About Contributors Open Menu Overlay Energy Institute Blog Research that Informs Business and Public Policy Posted 2 hours ago by Maximilian Auffhammer Uncategorized Taxing the Distance What if we taxed miles not gallons? If you come to this blog, you will get a lecture about taxes. This is the pickle.

Tax 91
article thumbnail

EIA: State tax rates for retail gasoline and diesel increased in 13 states in 2023

Green Car Congress

In January 2023, state taxes and fees on gasoline and diesel fuel averaged $0.3163 per gallon (gal) of gasoline and $0.3388/gal of diesel fuel, according to the US Energy Information Administration (EIA). These taxes have increased in 13 states since July 2022. In 2023, the state plans to phase the tax back in by $0.05/gal

Tax 273
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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).

article thumbnail

CBO report finds new CAFE standards would reduce gasoline tax by 21% in 2040; $57B drop to Highway Trust Fund from 2012-2022

Green Car Congress

In a new report, the Congressional Budget Office (CBO) finds that the fuel economy standards proposed for model years 2017 through 2025 would eventually reduce revenues from the gasoline tax by 21% in 2040. gasoline tax revenues, however, would not occur for. receipts from all sources. The full 21% reduction in.

Tax 225
article thumbnail

NJ boosts gasoline tax 22.5% to $0.507/gallon effective 1 October, diesel to $0.577

Green Car Congress

The increase brings the gasoline tax from $0.414 to $0.507 per gallon (22.5%). In order to ensure the state has the funds necessary to support these projects, the law dictates that the Petroleum Products Gross Receipt (PPGR) tax rate must be adjusted accordingly to generate roughly $2 billion per year.

Tax 186
article thumbnail

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

Green Car Congress

Senate Finance Committee Chairman Max Baucus (D-Mont.) 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
article thumbnail

Tesla launches business leasing program

Green Car Congress

The Tesla business lease is available through Tesla Finance, a new subsidiary set up especially to offer this new product to business customers. Tesla Model S financing options. Business lease. Est. gross mo.payment. Net payment. Net payment. Customers can handle and sign their lease agreements completely electronically.

Tesla 278