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However, Brazilian gasoline taxes are high, around 54 percent, [146] while ethanol fuel taxes are lower and vary between 12% and 30%, depending on the state. [147] As of October 2008 the average price of E25 gasoline was $4.39 per gallon [148] while the average price for ethanol was US$2.69 per gallon. [149]
As a result of higher ethanol prices caused by the Brazilian ethanol industry crisis, combined with government subsidies set to keep gasoline price lower than the international market value, by November 2013 only 23% flex-fuel car owners were using ethanol regularly, down from 66% in 2009. See also. Brazil portal; Renewable energy portal
The fleet of flexible-fuel vehicles in Brazil is the largest in the world. Since their inception in 2003, a total of 30.5 million flex fuel cars and light-duty trucks were registered in the country, and over 6 million flexible-fuel motorcycles, both by March 2018. [1] The market share of flex-fuel autos and light commercial trucks represented ...
Niket Nishant, Echo Wang and Sarah Wu. May 10, 2024 at 4:27 PM. By Niket Nishant, Echo Wang and Sarah Wu. (Reuters) -Zeekr's shares rose almost 35% above their initial public offering price on ...
Falling demand for EVs has pressured sales at U.S. automakers. In April, EV leader Tesla said its quarterly revenue fell for the first time since 2020, when the COVID-19 pandemic hampered ...
Ethanol fuel mixtures have "E" numbers which describe the percentage of ethanol fuel in the mixture by volume, for example, E85 is 85% anhydrous ethanol and 15% gasoline. Low-ethanol blends are typically from E5 to E25, although internationally the most common use of the term refers to the E10 blend. Blends of E10 or less are used in more than ...
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