Over the last few years, raising gas taxes has been a trendy answer to improving transportation infrastructure across the United States. When raising funds for improving transit, it has often been suggested that states raise the tax on gasoline and diesel fuel. This year, there are at least 9 states, according to taxjusticeblog.org, that are […]
Browsing the "tax" Tag
North Carolina has joined the growing list of states taxing electric vehicles to make up lost tax revenue. While electric vehicles have a lot to recommend them – lower emissions, tax rebates, fun to drive – the biggest problem with electric vehicles seems to be that they don’t use gasoline, which means they don’t pay gas taxes.
The California Air Resources Board (CARB) has approved AMP’s Workhorse E-100 commercial electric van for rebates and incentives of up to $60,000. Per van.
The Federal Highway Fund has had a budget shortfall for decades, owing mostly to the fact that the Federal gas tax hasn’t budged since 1993. That alone was bad enough to cause our infrastructure to fall trillions of dollars behind, and new more fuel-efficient cars are only compounding the problem. This has Transportation Secretary Ray LaHood looking at options that include higher taxes and tracking miles driven.
So far Virginia is considering electric car tax and Washington State already has a $100 fee put into place. Now Texas has added itself to the mix. The state of Texas, like Virginia, has not changed its gas tax in about twenty years – the Texas gas tax sits at 38.4 cents per gallon.
With gas taxes bringing in less and less revenue, states like Massachusetts and Washington are considering a pay per mile tax. This idea of charging drivers a taxed based on how much they drive is even being bandied about Congress. Basically a pay per mile tax, or Vehicle Mile Tax, would charge American drivers per mile driven instead of charging the current 18.4 cent-per-gallon Federal gasoline tax they pay now.
In some parts of the country, there is a very real and rational discussion about the role electric vehicles will play in transportation, especially when it comes to paying taxes. Without the need to buy gasoline, EVs avoid paying for taxes on the same roads they use. But a proposal by Virginia Governor Bob McDonnell would eliminate the gas tax, while levying a $115 a year free on electric and plug-in hybrid drivers. Seriously?
The Massachusetts Bay Transportation Authority (MBTA) will lose $161 million this year, and $100 million next year. As a result, subway, train, and bus fares are increasing, along with a new and unpopular state-wide proposal to add a 1-cent-per vehicle-miles-traveled in an effort to bail out the MBTA. The city of Boston Massachusetts and the […]
Earlier this week, CSR announced plans to build the world’s first carbon-neutral locomotive. Set to run on biocoal (“coal” fuel created through an energy-efficient processing and compressing of cellulosic biomass), the train will will have the same performance and load-hauling capabilities as traditional coal-burning engines, but without harmful metals or volatile off-gasses. Check out the […]
The United States Post Office is dirty, inefficient, and – after failing to pay back the $12 billion loan it got from the US Gov’t – hemorrhaging cash at an alarming rate. Total collapse (in the form of not being able to pay employees, pay bills, or buy stamps) has been looming for over a […]
Tax day has come and gone, and not every American likes paying. Interestingly enough some claim that drivers of electric vehicles( EVs) are skipping out on taxes – specifically gasoline taxes that pay for highways, road construction, and maintenance. America’s infrastructure is in poor shape. America’s roads are riddled with potholes and many bridges […]
In what could be a preview of the future, Washington has become the first U.S. state to impose an annual tax on EV drivers to make up for lost tax revenue. This is because electric vehicles don’t need gas, which is taxed to to provide for road repairs and infrastructure improvements. This move has some […]
It’s an election year, which means the partisan political bickering is only getting warmed up. So it is no surprise that politicians on the right side of the aisle are already calling Obama’s proposed 2012 budget nothing more than a “campaign” document. Among the many provisions Obama outlines in his proposal is billions of dollars […]
There is a lot of discussion in Washington these days about ending tax credits and subsidies for long-standing industries like coal and oil suppliers. But these subsidies are considered sacrosanct by many politicians, often the same politicians who decry any investment into green energy as “socialism.” But a study by the International Energy Agency finds […]
Arguably the leader in hybrid/electric automotive technology, Toyota has taken one more step forward in its quest to park a hybrid in every driveway by announcing pricing on its new, plug-in Prius model. That price? Just 32,760 US dollars (including destination charges but NOT including gov’t rebates or tax credits). With a transaction price expected […]
Solar energy has been in the news quite a bit these days with its ubiquity, advances in infrastructure, and expansion (as well as some major setbacks) making waves in the media. On the back of that publicity, Florida Power and Light Company (FPL) is working with the Florida Public Service Commission to offer rebates on […]
I know it. The government knows it. And so does General Motors CEO Dan Akerson, who joins proponents seeking a higher gas tax. Akerson thinks the tax should be at least $1 a gallon. What do you think? This isn’t the first time a GM executive has called for a higher gas tax, and Akerson’s […]
Are dealerships selling Chevy Volts to one another, boosting sales and stealing the $7,500 tax credit? No, they aren’t, but a recent right-leaning piece accuses Chevy dealers are doing just that, with ZERO proof to back it up. Mark Modica, writing for the right-leaning think-tank The National Legal and Policy Center, penned this piece, “Are […]
On the heels of reporting (more) record breaking profits, and just as gas prices hit $4 a gallon nationwide, Big Oil has been called to Washington to defend billions in tax subsidies that some politicians to strip away. The five largest oil producers in the U.S.; Exxon-Mobil, Chevron, ConocoPhillips, BP America, and Shellby took in […]
With a sticker price of just $29,990 (before a $7500 federal tax rebate) Mitsubishi will sell you a brand-new, Mitsubishi i SE, complete with 66 hp highway-legal electric motor, premium sound system, a gussied-up interior (below), and more – which means Mitsu’s i comes in at several thousand dollars less than even the base Nissan […]