EVs bring benefits but can cause revenue loss for communities due to decreased gas tax. Some states propose EV use taxes to offset revenue loss, although not all have implemented this yet.
Several states charge additional registration fees for EVs while also offering purchase incentives, impacting state budgets differently. Around 3.3 million EVs were estimated in the US roads in late 2023, hinting at growing numbers that may affect infrastructure and tax implications.
Gas taxes fund road projects and improve traffic flow, but EV growth challenges this revenue source. The necessity of infrastructure improvements, especially for bridges, increases the importance of these taxes for local governments.
EVs remove gas-related negative incentives for drivers but introduce charging taxes. Heavy batteries in EVs can damage roads and protective structures, presenting additional challenges compared to gas-powered vehicles.
Collection
[
|
...
]