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

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Particularly on the East Coast, which has lost 70% of its pre-2009 refining capacity, incremental supplies have historically been imported from international markets to supplement domestic manufacturing. For context, in the first quarter of this year, EV sales accounted for less than 5% of new car sales, despite rising gasoline prices.

Congress 259
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T&E: Rising use of private jets sends CO2 emissions soaring

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increase in private flight sales in July 2020 alone. T&E calculates that a jet fuel tax applied proportionately to flight distances could raise €325 million if applied to all flights departing from the EU and UK. One operator reported an 11.3% Flying on a private jet is probably the worst thing you can do for the environment.

Emissions 418
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New UK Report Welcomes Moves to Promote Green Cars but Stresses Importance of Policies to Reduce Car Use

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The report reviews more than 500 international reports and papers on the subject, each of which was categorized and assessed for relevance. It also discusses fuel taxes and prices, which affect both travel and vehicle choices. Medium-term potential exists in reallocating road space to extend bus and light rail provision.

Fuel Tax 150
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Automotive Market Research Perspectives on Selling Green in a Try-to-Survive Market

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In a panel session entitled “Does Green Matter in a Try-to-Survive Market?” How big is the green market? Strategic Vision shared data that only a small portion of consumers in the US are “ truly green ”, which means the customer is willing to pay significantly more for a green vehicle.

Market 170
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Next 10 report finds California will meet or exceed original target of 1.5M ZEVs by 2025

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However, the report also identifies some areas that could either decelerate or accelerate the growth of ZEV sales. The Road Ahead for Zero-Emission Vehicles in California: Market Trends & Policy Analysis analyzes California’s ZEV market, including historic sales, costs, technology trends, forecasts and challenges.

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BCG study finds conventional automotive technologies have high CO2 reduction potential at lower cost; stiff competition for electric cars

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As a result, BCG concludes, the electric car faces stiff competition from ICEs (internal combustion engines) and, based solely on total cost of ownership (TCO) economics, will not be the preferred option for most consumers. BCG finds that ICE technologies can reduce CO 2 emissions up to 40% at a cost as low as $50 per percentage of reduction.

CO2 246
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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

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The GFEI, a partnership of international agencies and top energy policy experts, suggests that these cost savings could in part be used to help offset the costs of developing a global market for electric vehicles over this time frame, since the savings are estimated to be at least four times bigger than these costs. —GFEI working paper.