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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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U Chicago study proposes market-based approach to fuel economy standards to deal with impacts of fuel price volatility

Green Car Congress

Volatile gasoline prices have caused some regulators and carmakers alike to question the cost and effectiveness of current fuel economy standards, with some arguing they are too stringent and others saying they should be even stronger. —Ryan Kellogg, summarizing his research. —Ryan Kellogg.

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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Green Car Congress

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.

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2014 Chevrolet Malibu 2.5L base model with standard stop/start delivers 14% improvement in city fuel economy

Green Car Congress

The 2014 Chevrolet Malibu arriving in dealerships this fall will offer fuel-saving stop/start technology as standard on its 2.5L l/100 km, respectively)—a 14% improvement in city fuel economy—at a starting price of $22,965, including an $825 destination charge but excluding tax, title, and license and dealer fees.

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Chevrolet makes Stop/Start standard on base 4-cylinder in 2015 Impala; 5% improvement in city fuel economy

Green Car Congress

Stop/start technology will be standard on the 2015 Impala base 2.5-liter liter ECOTEC engine, an addition that improves the vehicle’s city fuel economy by nearly 5%, or one mile per gallon. The Impala comes standard with a four-cylinder engine, which currently accounts for more than 30% of Impala retail sales.

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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. How Would Proposed Fuel Economy Standards.

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Fuel economy measures could cut Commonwealth countries’ cumulative oil bill by US$3.2T through 2050

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trillion) through to 2050 and can help cut the world’s road transport energy use and CO 2 emissions by nearly half in that same time, by improving vehicle fuel economy, according to an opinion paper recently published by the Commonwealth Advisory Bureau (CAB) and sponsored by the Global Fuel Economy Initiative (GFEI).