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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. For example, an average plug-in hybrid vehicle with a battery capacity of 16 kWh would be eligible for the maximum tax credit of $7,500. Source: CBO. Click to enlarge.

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CMU study finds small battery PHEVs and gasoline hybrids the least-cost policy solution to reducing gasoline consumption

Green Car Congress

The federal subsidy significantly favors larger battery packs to a stronger degree than their potential for additional gasoline savings. Non-domestic charging infrastructure is generally not necessary for operation of PHEVs, and substantial gasoline displacement can be achieved solely with home charging. Peterson and Michalek 2012.

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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

Direct transportation (fuel) taxes generate the greatest reductions in CO 2 emission from transportation, achieving CO 2 emissions at 86% of 2005 levels by about 2025. Purchase tax credits are an expensive way to reduce oil consumption and GHG emissions from transportation. Adoption of all of the preceding policies.

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Cadillac ELR EREV goes on sale in January, starting price $75,995

Green Car Congress

Upon IRS certification of an anticipated federal tax credit, purchasers may be eligible for a tax credit from $0 to $7,500 depending on individual tax liability. Net pricing after tax credits could be as low as $68,495, including $995 destination. gasoline-powered electric generator.

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

Plug in America

in a year First NEVI charging stations up and running Gasoline sales have passed their peak It’s been a busy year here on the policy team. Clean Vehicle Tax Credits Clean vehicle tax credits kicked into high gear in 2023. New Mexico adopted the Advanced Clean Cars II standard (ACC II).

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FCA calculates operational GWP impact of 2017 Chrysler Pacifica Hybrid as 31% less than previous-generation minivan

Green Car Congress

The 2017 Chrysler Pacifica Hybrid plug-in hybrid ( earlier post ) has an operational global warming impact 31% less than that of the previous-generation, gasoline-powered Chrysler minivan, according to an analysis by FCA US engineers using industry-standard software. No minivan has ever been rated higher.

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ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

Green Car Congress

The Renewable Fuel Standard (RFS2) in the U.S. Environmental Protection Agency drastically lowering the amount of cellulosic biofuel that must be blended into gasoline and diesel each year. The study identified four specific changes to the US tax code that could help accelerate the commercialization of second-generation biofuels.

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