article thumbnail

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

Green Car Congress

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. Similarly, NHTSA’s new fuel economy standards project to reduce gasoline consumption by more than 200 billion gallons through 2050.

Congress 259
article thumbnail

Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses

Green Car Congress

The price ceiling will be set at A$20 above the expected international price and will rise by 5% in real terms each year. Transport fuels will be excluded from the carbon pricing mechanism. However, where applicable, an equivalent carbon price will be applied through changes in fuel tax credits or excise.

article thumbnail

Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Leading international efforts for GHG emission reductions and adaptation.

Obama 249
article thumbnail

CEPS task force report identifies tightening emissions standards as key policy to hit EU 60% reduction in transport GHG; full life-cycle emissions optimal metric

Green Car Congress

measures such as standards, taxation or infrastructure development—consistent with the long-term objective. Adequacy requires the measures, in their entirety, to have the potential to meet the target while neither undermining the internal market for transport nor its affordability.

Emissions 210
article thumbnail

Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil

Green Car Congress

The obvious one is increased fuel taxes, but somehow governments need to make sure the benefits of better technology aren’t wiped out by increased demand for lower-priced fuel. Click to enlarge. Jos Dings, T&E Director. The report only assesses the impact of European legislation. The most constrained scenario represents a 0.9%

Oil 150
article thumbnail

BMW-Sixt car-sharing JV DriveNow launches in London; 30 i3s coming in 2015

Green Car Congress

DriveNow is already an international success, with more than 360,000 regular customers in Europe and America and we are delighted now to launch it in London, Europe’s largest city. All costs such as fuel, taxes, insurance and parking charges are already included in London as well.

London 210
article thumbnail

IEA technology and policy reports outline paths to halving fuel used for combustion-engined road transport in less than 40 years

Green Car Congress

IEA fuel economy readiness index status, 2010. New propulsion systems requiring new fuels, such as plug-in electric vehicle systems and fuel cell systems, are beyond the scope of this technology roadmap and are treated in separate roadmaps. Source: Policy package. Click to enlarge. Technology Roadmap.