Forum Discussion
JRscooby
May 02, 2022Explorer II
valhalla360 wrote:
When EV's made up 0.01% of the vehicle fleet, taxes were largely ignored. The political will was to encourage them and they made up such a small percentage of the fleet as to have no significant impact on highway funds. As they hit 1-2% and there is the potential for significant growth, people are taking notice, so yes, you should expect to eventually see a tax roughly equivalent to gas taxes. Historically, taxes have made up around 25% of gas prices, so not insignificant.
Taxes historically 25% the cost of gas? I thing the average of states it comes out to under $0.30 per gallon. (Somewhat higher for diesel) That means a pump price of $1.20.
While sometime soon the % of electric vehicles will harm highway funding it will be a long time before it catches up with the change over the last few decades. There was a time when a car averaging 20 MPG was thought cheap to drive. Now must get near 50 to reach that label
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