By 2025, U.S. vehicles will get 54.5 miles per gallon (mpg), attaining nearly twice the fuel efficiency of current vehicles, providing fuel economy for consumers and setting carbon pollution standards, according to the finalized auto-efficiency standards announced by the Obama administration on August 28, 2012. Auto manufacturers have welcomed the rules, calling it a single…
According to a report released by Massachusetts Institute of Technology (MIT) on August 27, 2012, applying a carbon tax at the rate of $20 per ton in 2013 and increasing it by four percent per year can raise $1.5 trillion over a span of 10 years. The report, which comes at a time when Congress…
Ocean Power Technologies, a New Jersey-based renewable energy company, announced on August 20, 2012 that the Federal Energy Regulatory Commission (FERC) issued a license for its 1.5 MW Reedsport wave energy park, the first of its kind in the U.S. The 35-year license approves the operation of up to 10 devices that can generate wave…
On May 19, the U.S. Senate Committee on Energy and Natural Resources held a full committee hearing to receive testimony on policies that promote advanced vehicle technologies and accelerated deployment of electric-drive vehicles. Witnesses discussed several bills that are now before the Senate that would advance vehicle technologies. Witnesses also noted that the President’s Budget…
