Thursday, June 1, 2023

This is the big drawback of synthetic gasoline: worse than expected

Using the synthetic fuel As an alternative to the electric car, its weight is increasing. Hopefully in the near future we’ll be able to use e-fuel in our cars. However, the cost of these fuels is one of their biggest drawbacks.

There is currently a synthetic fuel manufacturing plan with expectations for growth. Renewable energy and CO2 capture are expected to increase plant production. And with it the prices go down. However, the cost of production remains high.

Price is the big problem with synthetic fuel

According to HIF Global, the largest producer of synthetic fuels today, the price of synthetic gasoline will be around 2 euro per liter, But as is the case with existing petrol or diesel, this price would be at the source only.

Fuel will still face a heavy tax burden to reach the pumps and hence our warehouses. In countries such as Spain, the high additional cost in taxes borne by fuel is one of the biggest problems. e-fuel, taking into account the present 46.8% of the cost of 95 octane petrol Matches taxes such as VAT (21%) And the hydrocarbon tax, if the same thing happens with synthetic fuel, could increase the price of 1 liter of synthetic gasoline 2,94 euro, And that at least. This represents a significant increase compared to the current average of €1.60.

Do synthetic fuels have a future?

reduce the production cost of e-fuel This will be necessary to make its use profitable and viable in the long term. Also, taxes applicable on these fuels may be reconsidered to encourage their use as an alternative to fossil fuels.

Despite these shortcomings, e-fuel They remain an attractive option for many vehicle users. Its advantages include compatibility with existing heat engines, reduction of CO2 emissions and elimination of particulate pollutants.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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