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Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions

Green Car Congress

CO 2 emissions from transportation sector by scenario in the study. Economy-wide CO 2 prices of $30-60/t CO 2 are too weak on their own to motivate significant reductions in CO 2 emissions from transportation. The key to obtaining significant reductions in transportation-related GHG emissions is to increase the cost of driving.

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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. Indirect effects.

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2023 was a tremendous year for both EVs and Plug In America!

Plug in America

Clean Vehicle Tax Credits Clean vehicle tax credits kicked into high gear in 2023. New federal EV tax credits were expanded and updated, and credits for used and commercial EVs became available for the first time in January. New Mexico adopted the Advanced Clean Cars II standard (ACC II).

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EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Green Car Congress

Decreases in transportation and residential sector energy consumption partially offset growth in other sectors. Fuel economy standards and changing driver behavior keep motor gasoline consumption below recent levels through 2040 in the Reference case. Transportation. US energy use grows at 0.3%/year quadrillion Btu (13.8

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Collins Bus Corporation Enters Agreement With CleanFUEL USA to Develop LPI Type A School Bus

Green Car Congress

Type A school buses can typically transport between 14 and 30 passengers. Propane fuel, when compared to diesel and gasoline, provides a reduction in greenhouse gas emissions and has the potential to reduce fuel costs with the federal tax credit of $0.50 gasoline engine cutaway chassis. the Collins Super Bantam).

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

The rising fuel economy of LDVs more than offsets the modest growth in VMT, resulting in a 25% decline in LDV energy consumption decline between 2012 and 2040 in the AEO2014 Reference case. quadrillion Btu in AEO2013, and represents the largest growth among all transportation modes. from 2012 to 2040, compared to 1.2%

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Road Test: 2022 Polestar 2 Single Motor EV

Clean Fleet Report

Federal and state tax credits could reduce the price you pay. If you qualify for the full $7,500 federal tax credit, the price could be $39,700 for the base model with front-wheel drive and the single motor. Even less if your state also offers a tax credit.

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