Feebate

From DDL Wiki

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 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 1 His tory of Feebates 2 Status(2005) 2.1 Cunnecticut 2.2 District of Columbia 2.3 Maine 2.4 Massashusetts 2.5 North Carolina 2.6 Rhode Island 2.7 Vermont 2.8 Canada 2.9 E.U. 3 Manufacturer Impact 4 Act of Congress 5 References

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

Act of Congress

References

[1] VEHICLE EFFICIENCY INCENTIVES: AN UPDATE ON FEEBATES FOR STATES