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
Washington State's senate has passed a bill that would impose an annual fee of $100 to electric-vehicle drivers in an effort to compensate for the gas taxes that EV drivers don't pay, the Associated Press reported.
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.
Opting to buy a battery-powered vehicle means that owners no longer need gasoline and, therefore, don't have to pay gas taxes. Right? Well, for residents of the state of Washington, that sort of depends on the outcome of Senate Bill 5251.