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Congressional Budget Office estimates US federal policies promoting EVs and other fuel-efficient vehicles will cost $7.5B through 2019; little or no impact on gasoline use and GHG in the short term

Green Car Congress

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.

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Opinion: A More Level Playing Field for Advanced Biofuels

Clean Fleet Report

It is important that the United States leverage the emissions reductions offered by these low carbon fuel alternatives in its transportation fleet. Under the Biden administration’s strategy, 50% of vehicles on the road will remain reliant on liquid fuels in 2030. Heavy-duty trucks will need advanced biofuels for some time.