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Economists view higher gasoline taxes as one solution to reducing gasoline consumption and thus air pollution, greenhouse gas emissions, and reliance on oil, while at the same time providing revenue to the government for highway repair and construction. In the first paper, post-doctoral researcher Elisheba Spiller and her colleagues.
Key developments in the transportation sector that they note include: Positive for gasoline demand: Strong Chinese car growth in 2010, particularly in the first half of the year, with vehicle sales up 30% year-on-year (YoY) through the first eleven months of 2010. gallon gasoline. He also believes that sub-1.6L Click to enlarge.
do not discuss the merits of the program in terms of stimulus. While the program is an expensive way to reduce greenhouse gases, it is certainly possible that the stimulus benefits outweigh the added environmental costs. A gallon of gasoline creates roughly 20 pounds of carbon dioxide when combusted. pollutants.I Christopher R.
jobs for each million dollars of program costs) than other fiscal stimulus programs, such as increasing unemployment aid, reducing employers’ and employees'' payroll taxes, or allowing the expensing of investment costs. The small increase in employment came at a far higher implied cost per job created ($1.4 million, or 0.7 million tons.
The FOA modifies a much smaller and earlier-issued FOA by incorporating a supplemental $300 million appropriated by the American Recovery and Reinvestment Act (ARRA) of 2009 (the stimulus bill) for the Energy Policy Act (EPACT) of 2005 Section 721 to fund a competitive grant pilot program to be administered through the Clean Cities Program.
The new engine system will be available the first quarter of 2010 and the company is now taking orders to meet the increased demand for greener fleet vehicles, as the Department of Energy (DOE) starts to award stimulus funds this December. When the 6.0L
The electric fuel equivalent utilized by EV Project participants represents almost 1 million gallons of gasoline conserved by the use of electric vehicles. The 24 million miles recorded so far is the equivalent to 963 trips around the world. Finally, cars in The EV Project have eliminated approximately 8,700 metric tons of CO 2 emissions.
of Governments rejected $11 million in federal stimulus money targeted to build 55 ethanol fueling stations across Southern California, saying it had policy concerns about ethanol as an alternative to gasoline. Ethanol is not perfect, he said, but its wider use would reduce dependence on gasoline and remove pollutants from the air.He
The utility is participating in a national consortium that recently was awarded a federal stimulus grant to purchase plug-in hybrid electric vehicles (PHEVs), and the company is buying more trucks to run on compressed natural gas (CNG) as well. The matching stimulus grant will provide up to $2.5 million for the vehicle conversions.
Proposed regulations will require 5% renewable fuel content based on the national gasoline pool by 2010 and 2% renewable content in diesel and heating oil by 2011 or earlier, subject to technical feasibility. The Government of Canada will award up to C$72.8 million (US$67.8
The California law enabling single-occupant access to the HOV lanes was meant to stimulate sales for fuel-efficient, ultra low-emission vehicles, with the goals of reducing dependence on foreign oil and saving money at the gasoline pump.
The Government of India unveiled a transport stimulus package on 3 February 2009 to provide central funding to purchase buses for urban transport systems. India imports 70% of its diesel and gasoline. The B Gas Plus and B Gas International engines, powered by compressed natural gas (CNG), are licensed by CWI and manufactured by CIL.
Stimulus measures implemented by the Chinese government and autumn harvest activity in the farming sector continued to buoy domestic oil demand going into the fourth quarter. Apparent demand for gasoline in China continued its upward trend, increasing 11.1% Platts also takes into account undeclared revisions in NBS historical data.).
Finally, the various fuels will be tested to ensure that they can be used in place of conventional diesel, gasoline and jet fuels. The goal is to create fuels that can be used in place of diesel, gasoline and jet fuel—though jet fuel will be the most technically challenging. It has to be cost-competitive, or none of this makes sense.
EIA forecasts that regular-grade motor gasoline retail prices will average $2.92 The forecast has the annual average regular grade retail gasoline price increasing from $2.35 The forecast has the annual average regular grade retail gasoline price increasing from $2.35 per-gallon decline in gasoline prices from the previous year.
the global gasoline market will reach an estimated 375 billion gallons per year (BGPY) in 2021, while demand for diesel in ground transportation markets will reach at least 427 BGPY. Governments are expected to retreat from stimulus investment highs, shifting financing. A doubling of current biofuels production (an estimated 29.4
The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated. Without the CAFE standard and stimulus monies to promote green vehicle tech, the industry would not be headed toward a greener horizon.
Under our base case assumptions, life cycle costs and GHGs of HEVs and PHEVs are comparable, particularly for drivers who charge frequently, and the least-cost solution is sensitive to the discount rate and the price of gasoline, electricity, and batteries. gal gasoline, $0.11/kW Relative to our base case of $3.30/gal
Headwaters said that momentum for creating an entirely new industry surrounding carbon capture and storage has been building since passage of the stimulus bill. The University of Utah has CO 2 expertise and technology developed by a team led by Dr. Brian McPherson.
The report does not address the employment or stimulus-related impacts of fleet renewal schemes which are arguably their primary objectives. there may have been a case for differentiated incentives for gasoline and diesel. Increased awareness of the monetized societal benefits. For example, the analysis in the report suggests that.
Pike Research estimates that the global gasoline market will reach an estimated 375 billion gallons per year (BGPY) in 2021. Governments are expected to retreat from stimulus investment highs, shifting financing. The potential markets are huge. Demand for diesel in ground transportation markets will reach at least 427 BGPY.
The federal stimulus bill also provides a $7,500 tax credit for consumers who purchase plug-in vehicles. In addition, consumers and businesses would be eligible for a $2,000 rebate after converting a gasoline-powered vehicle to a plug-in.
They can be built to have a 30- to 50-mile range before the gasoline engine needs to be used at all. should promise to order 50,000 fleet vehicles of the first viable plug-in hybrid — that would be just the stimulus the carmakers need. Instead, the U.S. Let's start now. Become a Partner today.
gasoline-powered vehicles could be delayed. If electric cars can’t break out of niche status in the world’s two largest passenger car markets, then a transition away from gasoline-powered vehicles could be delayed. The firm eTec got $100 million in funding from the US Department of Energy through the stimulus bill.
The federal stimulus bill also provides a $7,500 tax credit for consumers who purchase plug-in vehicles. In addition, consumers and businesses would be eligible for a $2,000 rebate after converting a gasoline-powered vehicle to a plug-in.
Around the same time, General Motors will introduce the Chevrolet Volt, a vehicle able to go 40 miles on electricity before its small gasoline engine kicks in. Battery-powered motors are more efficient than gasoline engines. This is the game-changer for our industry,” said Carlos Ghosn, Nissan’s president and chief executive.
First, the industry is approaching the ethanol-to-gasoline blend wall of 10% ethanol, 90% gasoline in standard gas engines. Second, a Congressional Budget Office study issued in April said even with subsidies ethanol is only profitable when a gallon of gasoline costs 70% or more than a bushel of corn, i.e,
Toyota, the automaker arguably best positioned and most experienced in the ways of electric drive, has scarcely hidden its intention to go slow on plug-ins while touting small incremental mileage gains on the gasoline-only Prius and the green glitz of an optional solar roof. But their dreams haven’t yet been sunk. Such as the $1.1
Indeed I am talking about Big Dick Cheney, who in addition to his many other immoral and criminal acts also shamelessly promoted the excessive use of oil, coal, gasoline and other fossil fuels by encouraging Americans to use all the energy they could afford to put on their credit cards. The Big Dick Cheney Effect.
Honda, which began leasing hydrogen fuel cell FCX Claritysedans in Los Angeles last year, still sees hydrogen as the bestlong-term alternative to gasoline as a fuel that can cut carbonexhaust tied to global warming, President Takeo Fukui said in aninterview. in Japan’s Kyoto prefecture to make packsfor gasoline-electric hybrid cars.
Cause if you're without wheels, which is due to $4, $5, $6/gallon for gasoline, then "Happiness" is not likely yours! After all, if the US Stimulus Package program could do "Cash for Clunkers," then why not "Cash for Conversions!". Wheels, Guys! Just too carito! ?Es with lots of conversion opportunities definitely abounding in Nogales.
While the Volt holds promise, it is currently projected to be much more expensive than its gasoline-fueled peers and will likely need substantial reductions in manufacturing cost in order to become commercially viable,” the task force noted in its recent assessment of GM’s restructuring plans. April 17, 2009 11:38 am Link Goodbye GM.
The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Billion vs. $28.3 Billion in 2008). Five months ago.
Electric cars, though, could “provide a significant reduction in fuel usage, greenhouse gas emissions, noise, and local air pollution compared to conventional gasoline-powered vehicles,” according to the electric vehicle study. billion in stimulus grants to the industry. If by 2015, 2.5 roads by 2015 and has provided $2.4
My vision makes us the world leader in the new electric transportation future that is destined to replace gasoline-powered transportation – the one that Asia is currently on course to lead. is using federal stimulus money to kick-start their program and they’re going to be rolling out a large program countywide.
That price increase paired with an increase in gasoline and diesel demand will likely increase the cost of regular gasoline and diesel fuel this summer. EIA expects the retail price of regular-grade gasoline in the United States will average $2.78 EIA forecasts retail gasoline prices to gradually fall to an average of $2.62/gal
GE: The global stimulus bellwether FORTUNE 500 Current Issue Subscribe to Fortune (Fortune Magazine) -- Warren Buffett is famous for his rules of investing: When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact.
The Three Prongs of the “Green&# Energy Stimulus Pa. Annual use of an EV should be less than the average cost of $8,000 per year for using a gasoline in many countries including the USA. People-Oriented Development Current Status of REDD Financing the Fifth Fuel Peak Phosphorus - Commence Urine Recyling on Space. SZ (1) 6753.T
If I’d have to plan on stopping somewhere for an hour in the middle of a 3 hour drive, just to refuel, I’d feel pretty compelled to stick with a gasoline/diesel vehicle. Gasoline prices change fairly rapidly. It’s FAR more dangerous trusting the public to deal with a gasoline pumps. Then I get 5.6 per gallon.
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