States and municipalities are getting creative as they look for ways to raise tax revenues from electric cars. More and more plug-in vehicles are on the roads each year, and as gasoline-engine vehicles become more fuel efficient, there's simply less fuel tax revenue coming in. New Jersey is considering a tax scheme that will seem more reasonable to some and unfair to others.
Electric Vehicle Tax
Opting to buy a battery-powered, all-electric vehicle not only frees your vehicle of tailpipe emissions. It also means owners of plug-ins don't have to pay gas taxes, right? Well, for residents of the states of Washington, Oregon and Texas, that sort of depends on whether or not soon-to-be introduced legislation to establish Vehicle Miles Traveled (VMT) taxes for electric vehicles gets passed into law.
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