21 Apr '11, 5pm

EV Road Tax Proposals Pit Innovation Against State Budgets

EV Road Tax Proposals Pit Innovation Against State Budgets

Last month, the Washington State Senate approved a bill to assess an annual fee of $100 on electric and plug-in hybrid vehicles. The measure is designed to offset lost revenue needed to maintain state roads as demand for gas slows and gas-tax revenues decline. Oregon legislators have proposed their own scheme, which would levy a vehicle miles traveled tax of 1.43 cents on all alternative fuel vehicles starting with the 2014 model year. These early efforts by state governments attempt to protect vital revenue streams as disruptive innovations, like the electric car, challenge traditional tax collection models. Today, drivers of conventional vehicles pay about two cents per mile in combined state and federal gas taxes. Once highly fuel-efficient and alternative fuel vehicles comprise a significant portion of the state fleet, Oregon hopes to supplant its existing gas tax with...

Full article: http://www.greenbiz.com/blog/2011/04/21/ev-road-tax-propo...

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