A feebate is an incentive policy that encourages the continuous improvement of automobile fuel economy and greenhouse gas emissions by providing incentives for manufacturers to build more efficient vehicles and rewarding consumers who purchase more efficient vehicles. RMI previously analyzed feebates in its 2004 publication Winning the Oil Endgame, which provides a roadmap for weaning the United States of off oil by the 2040s. Since then, RMI has collaborated with researchers, industry and other non-governmental entities to determine what characteristics a feebate could have. This paper explores: what a feebate is, why RMI believes a feebate is a valuable tool, recent analysis that RMI has done on feebates, what the current status of the feebate is, and how the feebate could interact with existing laws. (February 2008).

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