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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

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CO 2 emissions from transportation sector by scenario in the study. The dashed blue line is 2005 emissions; the scale on the right shows the percent of 2005 level. 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.

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Belfer Center report calls for policymakers to begin taking steps to change policies for funding US transportation infrastructure

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users pay for the construction and maintenance of roads via a federal fuel tax. Revenues from the tax go into the federal Highway Trust Fund, which is independent of the General Fund; every five years or so Congress passes an authorization bill to allocate these revenues. —Huang et al.

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Chevrolet Volt MSRP Starts at $41,000, $33,500 Net of Full Federal Credit; 3-year Lease Program with Option to Buy

Green Car Congress

GM will introduce the Chevrolet Volt extended range electric vehicle with a starting MSRP of $41,000; after applying the Federal income tax credit of $7,500, the price drops to $33,500. The Volt has a total driving range of about 340 miles (547 km) and is powered by electricity at all times.

Volt 199
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UMTRI Agent-Based Simulation Study Concludes US PHEV Annual Sales Could Reach 4-5% With Fleet Penetration of 2+% by 2020 If Subsidies Are in Place

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The first character of the scenario represents the price of gasoline at simulation termination, the second represents “yes” or “no” on a manufacturer subsidy, and the third represents “yes” or “no”on a sales tax exemption. Consumer response under a gasoline price shock. Source: Sullivan et al. Click to enlarge.

PHEV 186
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Senators Kerry and Lieberman Release Details of Energy and Climate Bill; Incentives for Electric Drive and Natural Gas Vehicles

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The American Power Act, released as a discussion draft, targets reducing greenhouse gas (GHG) emissions by at least 4.75% compared to 2005 levels by 2013; by at least 17% compared to 2005 levels by 2020; by at least 42% compared to 2005 levels by 2030; and by at least 83% compared to 2005 levels by 2050. Price Predictability.

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McKinsey Report Finds 47% Reduction in Global Automotive Emissions Feasible by 2030; Timely Action By All Stakeholders Required

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Global passenger vehicle CO 2 emissions and abatement potential under three primary scenarios. Without action, carbon emissions from the use of passenger vehicles are projected to increase by 54% (1.8 Without action, carbon emissions from the use of passenger vehicles are projected to increase by 54% (1.8 Source: McKinsey.

Emissions 170
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Accenture Reports Identifies 12 Disruptive Technologies Most Likely to Transform Supply and Demand of Transport Fuels and Cut Emissions Within Next 10 Years

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Accenture has identified 12 technologies that it concludes have the potential to disrupt the current views of transport fuels supply, demand and GHG emissions over the next 10 years. Will be competitive at an oil price of $45 to $90 at their commercial date. Source: Accenture. Click to enlarge.