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Battle over EV tax credit pits automakers against oil interests

Green Car Reports

The possibility of an extension for the $7,500 federal EV tax credit has recently intensified lobbying efforts in Washington D.C.—and —and pitted the efforts of the auto industry soundly against those of the oil and gas industry. So reports the Washington Post.

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EIA: US renewable diesel capacity could more than double through 2025

Green Car Congress

EIA said that two factors behind growing US renewable diesel capacity are rising targets for state and federal renewable fuel programs and biomass-based diesel tax credits. The “Inflation Reduction Act” extended the biomass-based diesel tax credits through 2024.

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EIA: US average gasoline prices before Memorial Day highest since 2014

Green Car Congress

Washington State’s average gasoline price has been more than $3.00/gal Texas produces a relatively high amount of gasoline because it has more crude oil production and operating petroleum refining capacity than any other state, as well as relatively low state gasoline taxes. gal for several weeks. gal, as of 24 May.

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US Energy Secretary Calls Tax Hike on Gasoline Not Politically Feasible

Green Car Congress

In an interview with the Financial Times , US Energy Secretary Steven Chu said that raising US gasoline prices to levels comparable to Europe’s through taxes or regulation is not politically feasible. But in an interview with the Financial Times, he said: “At this moment, let me be frank, it is not politically feasible.”.But

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US average retail gasoline prices ended 2017 lower than they started

Green Car Congress

Rising crude oil prices and high levels of gasoline demand contributed to rising gasoline prices from January through May. In addition, gasoline taxes in the region are among the lowest in the country. In 5 of the 10 cities for which EIA collects weekly retail price data, gasoline prices exceeded $3.00/gal gal at least once in 2018.

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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

The study— Analysis of Policies to Reduce Oil Consumption and Greenhouse-Gas Emissions from the US Transportation Sector —finds that reducing CO 2 emissions from the transportation sector 14% below 2005 levels by 2020 may require fuel prices above $8/gallon by 2020. Adoption of all of the preceding policies.

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What Are Zero Emission Day and National Drive Electric Week?

Blink Charging

There are four guidelines to follow: Refrain from using or burning oil, gas or coal. Eventually, Zero Emission Day turned into a full-blown movement and got its own date: September 21st. How you can be a part of Zero Emission Day Taking part in Zero Emissions Day is super easy. Refrain from putting anyone in harm’s way.

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