The Car and Truck Fleet and Leasing Management Magazine

EPACT2005 Impact Seen in EIA Analysis of U.S. Energy Supply and Price

December 26, 2006

WASHINGTON, D.C. – The Energy Information Administration (EIA) has released a mid-term forecast and analysis of the U.S. energy supply, demand, and prices through 2030. The report cited the impact of the Energy Policy Act of 2005 regarding the increased production and consumption of alternative fuels, such as ethanol, biodiesel, and coal-to-liquids, and increased nuclear power and renewable energy production.Ethanol use is projected to grow from 4 billion gallons in 2005 to 11.2 billion gallons in 2012 and 14.6 billion gallons in 2030. This standard exceeds the Renewable Fuel Standard enacted as a part of the energy bill. Ethanol-related provisions and requirements in the bill help spur investment in ethanol production and the creation of American jobs.Alternative distillate fuel sources are projected to grow to more than 7 percent of the total distillate pool by 2030, when consumption of biodiesel reaches 0.4 billion gallons and distillate produced from coal-to-liquids reaches 5.7 gallons. The consumption of biodiesel is supported by tax credits in EPACT2005. The production of coal to liquid fuels is encouraged by the loan guarantees in the energy bill for clean technologies.Sales of flex-fuel vehicles, capable of using gasoline and E-85, are projected to reach 2 million per year in 2030. Unconventional vehicle technologies, including cars powered by electricity, fuel cells, or hydrogen, are projected to account for almost 28 percent of projected total new light-duty vehicle sales in 2030, up from just more than 8 percent in 2005. In January 2006, EPACT2005 replaced the tax deduction for buying hybrid cars with a more generous tax credit, giving consumers a greater incentive to buy fuel-efficient cars.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

A closed end lease wherein the lessor assumes responsibility for the maintenance expenses on the leased vehicle, in addition to providing the funding and taking the risk on depreciation.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher