Feebate
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Revision as of 16:19, 11 June 2007
A feebate is a policy to strengthen the market for environmentally preferable vehicles by charging a fee or paying a rebate to purchasers, depending on environmental performance and fuel efficiency of the vehicles. Policy priorities will shape a feebate: whether it targets greenhouse gas emission, oil consumption, or criteria pollutant emission; the selection of the set of subject vehicles; revenue objectives; manufacturer impacts: and equity.
Contents |
His tory of Feebates
Status(2005)
Cunnecticut
A bill was signed directing the Commissioner of Environmental Protection to “develop a plan for the implementation” of a feebate by Governor in June 2005. Based on their emission of greenhouse gases, the plan allows an increase or decrease of up to 3% in the state sales tax on vehicles. The Commissioner is required to consult with stakeholders, including the auto industry, in developing a plan that is to be submitted to the General Assembly by the start of year 2006.
Here is the text of the bill[1]
District of Columbia
In 2004, the D.C. Council raised from 7 to 8% the excise tax on "luxury" SUVs, defined as those weighing 5000pounds or more, and increased registration fees for these vehicles by $40. Fees for hybrids were reduced by comparable amounts.
Maine
Bill LD305, introduced in 2005, would levy a 5% surcharge on the purchase or lease of a new vehicle that does not achieve 27.5 MPG (CAFE Standard). It failed in the Senate in March 2005.
Massashusetts
North Carolina
Rhode Island
Vermont
Canada
E.U.
Manufacturer Impact
Fees and Rebates for Most Popular Vehicles and Hybrids at $1000 per 0.01 Gallons per Mile
Cars | Type | Est. MPG (lab55/45) | Single pivot point | Separate car and truck pivot points |
---|---|---|---|---|
Toyota | Camry | 31.4 | $880 | $275 |
Honda | Accord | 30.7 | $808 | $203 |
Honda | CIvic | 38.9 | $1,494 | $890 |
Nissan | ALtima | 29.8 | $709 | $105 |
Chevrolet | Impala | 28.1 | $506 | -$99 |
Toyota | Collora | 39.0 | $1,501 | $896 |
Ford | Taurus | 26.3 | $263 | -$342 |
Chevrolet | Cobalt | 33.1 | $1,044 | $439 |
Chevrolet | Malibu | 31.0 | $839 | $234 |
Ford | Focus | 32.9 | $1,026 | $431 |
Toyota | Prius | 65.8 | $2,545 | $1,940 |
Honda | Civic Hybrid | 56.3 | $2,289 | $1,684 |
Trucks | Type | Est. MPG (lab55/45) | Single pivot point | Separate car and truck pivot points |
---|---|---|---|---|
Ford | F-150 | 18.2 | -$1198 | -$568 |
Chevrolet | Silverado | 19.1 | -$743 | -$113 |
Dodge | Ram | 17.5 | -$1,370 | -$740 |
Ford | Explorer | 18.3 | -$1,143 | -$513 |
Dodge | Caravan | 24.8 | $33 | -$633 |
GMC | Sierra | 19.2 | -$743 | -$113 |
Chevrolet | TrailBlazer | 18.4 | -$1,116 | -$487 |
Jeep | Grand Cherokee | 20.5 | -$630 | $0 |
Chrysler | Town & Country | 24.3 | -$50 | $580 |
Honda | Odyssey | 25.7 | $174 | $804 |
Ford | Escape Hybrid | 36.7 | $1,533 | $2,163 |
Negative numbers are fees
Act of Congress
References
[1] VEHICLE EFFICIENCY INCENTIVES: AN UPDATE ON FEEBATES FOR STATES