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The gastax remains one of the main funding sources for road infrastructure, which has led to cries that electric-car drivers aren't paying their fare share of road maintenance costs. Consider electricity a fuel. Minnesota's solution? It even calls.
President Biden called on Congress to suspend the federal gastax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. He also called on states to suspend their state gastaxes as well or to find other ways to deliver some relief.
The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. The detailed report— Need Nickel? —Baker Institute report Need Nickel?
users pay for the construction and maintenance of roads via a federal fueltax. Revenues from the tax go into the federal Highway Trust Fund, which is independent of the General Fund; every five years or so Congress passes an authorization bill to allocate these revenues. States use similar mechanisms. —Huang et al.
As sales of electric vehicles begin to reach significant numbers across the US, states are exploring approaches to replace lost tax revenue since EV drivers don’t pay fueltaxes as drivers of gas-powered cars do at gas stations. Declining Fuel-Tax Revenues: Beyond Electric Vehicles.
With Europe’s gas phase-out plans now within view, the countries there could be set to lose significant funding from fueltaxes 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?
However, California is lagging behind when it comes to ensuring its charging infrastructure keeps up with the growth of its electric vehicle fleet, the report finds. In 2017, Tesla Model S had the farthest EPA-rated range for an all-electric vehicle, at 315 miles. In 2016 there was one charging plug for about every 6 electric cars.
The electric car market is experiencing massive growth, exceeding 10 million in sales in 2022. As a result, regulations and guidelines related to electric vehicles are changing frequently, and consumers and charging station hosts must be aware of new developments.
With all this, consumers and policymakers alike are hopeful that society will soon greatly reduce its carbon emissions by replacing today’s cars with electric vehicles. Indeed, adopting electric vehicles will go a long way in helping to improve environmental outcomes. You also must consider the electricity that charges the vehicle.
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