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Study finds limiting warming to 2 °C would require at least a $200/t carbon tax globally

Green Car Congress

The social cost of carbon has become the standard measure to benchmark the magnitude of the carbon taxes needed to implement optimal carbon policy. If we were able to measure this social cost accurately, standard Pigouvian logic tells us that the optimal tax should be such that the price of carbon is equal to this social cost.

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Fortescue Future to acquire Nikola’s Phoenix Hydrogen Hub project

Green Car Congress

Nikola Corporation and Fortescue Future Industries (FFI), a global green energy and metals company, announced that FFI will acquire Nikola’s Phoenix Hydrogen Hub (PHH) project. The PHH is a fast-to-market, green hydrogen project located near Phoenix, in the city of Buckeye, Ariz., Earlier post.)

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With gas phase-out in view, Europe could lose $160 billion in fuel taxes

Teslarati

With Europe’s gas phase-out plans now within view, the countries there could be set to lose significant funding from fuel taxes in the coming years. Still, the change could have some latent effects, especially as most countries get crucial revenue from taxes on gas. What about in other countries?

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Volkswagen ID.4 with SK ON battery components eligible for full $7,500 tax credit in 2024

Teslarati

4 units with SK On battery components qualify for the Inflation Reduction Act’s (IRA) full $7,500 federal tax credit for electric vehicles. 4 units with batteries from SK On qualify for federal tax credits. 4 EV may choose to apply the tax credit as a down payment for the vehicle. The 2023 ID.4 Volkswagen sells the 2023 ID.4

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Hurry, Chevy Bolts Down An Astonishing 47% To $19,995 Until March! (Net After Tax Credit)

CleanTechnica EVs

In 2021, the future of the Chevy Bolt was uncertain. It had started off as a car that had beat the $35,000 Tesla Model 3 to market, but for a variety of reasons (including being outsold by 10× by the Tesla Model 3, losing the $7,500 tax credit, no significant updates in 4 years and […]

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Tesla joins Uber’s fleet in Japan’s taxi market

Teslarati

Tesla Model Y units are joining Uber’s premium fleet in Japan’s taxi market. In the future, Uber aims to expand the Tesla fleet’s service areas in Tokyo. The Japanese government plans to use a taxi-hailing app to assess if an area needs tax drivers. The Teslarati team would appreciate hearing from you.

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CMU study finds taxes on emissions would result in more rapid electrification by ridesharing companies

Green Car Congress

We optimize fleet composition (mix of conventional vehicles (CVs), hybrid electric vehicles (HEVs), and battery electric vehicles (BEVs)) and operations to satisfy demand at minimum cost and compare findings across a wide range of present-day and future scenarios for three cities. Air pollution is a classic case where free markets fail.

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