Electric Vehicles and the Wind Industry: Effects of Federal Tax Credits ( Energy Science, Engineering and Technology )

Publication series :Energy Science, Engineering and Technology

Author: Adam P. Reyes  

Publisher: Nova Science Publishers, Inc.‎

Publication year: 2016

E-ISBN: 9781624172991

Subject: TK Energy and Power Engineering

Keyword: 能源与动力工程

Language: ENG

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Electric Vehicles and the Wind Industry: Effects of Federal Tax Credits

Chapter

Comparing the Tax Credits with Other Recent Subsidy Programs in the Transportation Sector

Possible Approaches for Future Policies

ELECTRIC VEHICLES AND GOVERNMENT POLICIES THAT SUPPORT THEM

Federal Tax Credits Supporting the Sale of Electric Vehicles

Other Federal Incentives for the Sale or Production of Electric Vehicles and Related Technologies

How the Tax Credits for Electric Vehicles Compare with Other Incentives

USING FEDERAL TAX CREDITS TO PROMOTE SALES OF ELECTRIC VEHICLES

How the Tax Credits Affect the Relative Costs of Vehicle Ownership

The Basis for CBO’s Cost Comparisons

Key Assumptions Underlying CBO’s Analysis

Vehicle Prices

Fuel Prices

Discount Rate for Future Savings

Value of the Tax Credit

Effects of Differing Assumptions About Fuel Prices and Discount Rates

Fuel Prices

Discount Rate for Future Savings

USING FEDERAL TAX CREDITS FOR ELECTRIC VEHICLES TO ADDRESS ENERGY AND ENVIRONMENTAL GOALS

Direct Effects of the Tax Credits in the Short Run

Measuring Direct Cost-Effectiveness

The Cost to the Government of Direct Reductions in Gasoline Consumption

The Cost to the Government of Direct Reductions in Greenhouse Gas Emissions

Indirect Effects of the Tax Credits in the Short Run

Effects of the Tax Credits in the Long Run

Possibility 1: Electric Vehicles Fail to Achieve Significant Consumer Acceptance

Possibility 2: The Electric Vehicle Industry Becomes Self-Sustaining in the Near Future

Possibility 3: Incentives for Electric Vehicles Promote Sales Until the Industry Becomes Self-Sustaining

COMPARING THE TAX CREDITS WITH OTHER RECENT SUBSIDY PROGRAMS IN THE TRANSPORTATION SECTOR

POSSIBLE APPROACHES FOR FUTURE POLICIES

Changing the Size of the Electric Vehicle Tax Credits

Changing the Number of Electric Vehicle Tax Credits Available

Equalizing Purchase Incentives for All Buyers of Electric Vehicles

Other Policies to Reduce Gasoline Use or Greenhouse Gas Emissions

Raising Gasoline Taxes

Policies That Reduce Greenhouse Gas Emissions in Multiple Sectors

APPENDIX: DETAILS OF THE TECHNICAL ASSUMPTIONS OF CBO’S ANALYSIS

Prices for Electric Vehicles

Vehicles’ Fuel Economy

Fuel Prices

Discount Rate

Other Technical Assumptions

How Tax Credits Affect Sales of Electric Vehicles and Overall Fuel Economy

End Notes for Summary

End Notes

End Notes for Appendix

Chapter 2: U.S. RENEWABLE ELECTRICITY: HOW DOES THE PRODUCTION TAX CREDIT (PTC) IMPACT WIND MARKETS?

SUMMARY

BACKGROUND

IMPACT OF CURRENT PTC EXPIRATION

POTENTIAL IMPACT OF EXTENDING THE PTC

Wind Installations

Wind Turbine Manufacturing

Short-Term versus Long-Term PTC Extension

OTHER FACTORS THAT AFFECT U.S. WIND DEVELOPMENT

State Renewable Portfolio Standards

U.S. Electricity Demand Growth

Natural Gas Price

Example 1: Markets Coordinated by a Regional Transmission Organization

Example 2: California RPS Cost Containment Approach

POLICY DISCUSSION

Allow the PTC to Expire

Extend the PTC Incentive

Phase-Out of the PTC

End Notes

INDEX

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