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

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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Article Details

Author / Journalist: Claire Rush, The Associated Press

Category: EconomyBusiness

Markets: United States

Topics: Gasoline Infrastructure Electric vehicles Oregon Taxes California

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-18 @ 09:31:01 (14 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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Official Website: fortune.com

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