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EVs may help the environment but because their owners don’t buy gas they’re starving states of tax money to fix potholes and build roads

Fortune LogoFortune16h ago

EVs may help the environment but because their owners don’t buy gas they’re starving states of tax money to fix potholes and build roads - Fortune

Quick Summary:

Gas taxes raised 41% of transportation revenue in fiscal year 2016, compared with roughly 36% in fiscal year 2024.

In Connecticut, the sales tax now brings in more money for its special transportation fund than gas tax revenues, a 2024 fiscal report shows.

Gretchen Whitmer was first elected using the slogan “Fix the Damn Roads,” some revenues from marijuana taxes and personal income taxes now go toward transportation.


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EVs may help the environment but because their owners don’t buy gas they’re starving states of tax money to fix potholes and build roads - Fortune (Picture 1)

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Article Details

Author / Journalist: Claire Rush, The Associated Press

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-18 @ 09:31:01 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 837 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 210 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27144054

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About Fortune

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Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 55 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #95

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