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New Jersey Approves Additional EV Road Use Taxes

The Truth About Cars

As more electric vehicles hit the roads, states are grappling with the change in tax revenues they’re seeing as a result. EV buyers don’t pay gas taxes, slashing millions out of state highway budgets and making it hard to afford planned improvements.

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Next 10-UC Berkeley study suggests additional tax revenue or income-based rate structure to make electricity more affordable for Californians

Green Car Congress

California’s current strategy of recovering a myriad of fixed costs in electricity usage rates must change as the state uses more renewable electricity to power buildings and vehicles, according to the findings from a new report from the Energy Institute at the UC Berkeley Haas School of Business and non-profit think tank Next 10.

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With gas phase-out in view, Europe could lose $160 billion in fuel taxes

Teslarati

With Europe’s gas phase-out plans now within view, the countries there could be set to lose significant funding from fuel taxes in the coming years. Still, the change could have some latent effects, especially as most countries get crucial revenue from taxes on gas. What about in other countries?

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Hyundai and Kia are gaining a competitive edge ahead of the affordable EV offensive

Baua Electric

The tailwind comes as the South Korean automakers are launching affordable EVs in key global markets, including the US. Much of the growth is thanks to rising demand for Hyundai’s electric models. For now, electric vehicles are the top priority,” Hyundai Motor Group CEO Chang Jae-hoon said earlier this month.

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Study: EV interest waning amid concerns over cost, charging

Baua Electric

Electric Vehicle Consideration study. 2024 Nissan Leaf One of the main factors behind diminished EV interest was affordability. The lack of affordable EV models is causing consideration to drop among the Gen Z and Gen Y buyers who are otherwise most excited about EVs. 4 Charging also remains an issue. Power study.

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2022 Nissan LEAF becomes most affordable EV with sub-$30k MSRP

Teslarati

Nissan’s 2022 LEAF has established itself as the most affordable electric vehicle in the U.S. The base LEAF S has an unbelievably low starting price of just $27,400 before incentives, with federal tax credits potentially bringing the cost of the vehicle down to the sub-$20,000 level. Credit: Nissan.

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Hyundai, Tesla pave the way for long-range (+300 mi) EV prices falling below average gas cars

Baua Electric

Buying an electric car with at least 300 miles of range is getting more affordable than ever. Several automakers, including Hyundai , Kia, and Tesla, are now offering long-range EVs (those with at least 300 miles range) that are cheaper to buy than the average gas-powered car in the US.