EV manufacturers have long claimed that while electric cars often cost more upfront, they’ll save you money in the long run thanks to the lower cost of maintenance and the fact that electricity is cheaper than gas. While it’s true that EVs are cheaper over the life of a car, a number of factors can affect how long it will take to recoup the upfront investment.
Related So what happens if customers stop paying for gas? Well, there’s less money for road upkeep. This means that states have to figure out other ways to make back the money needed to keep roads in good shape, and it only makes sense that these taxes should come from drivers of the cars using the roads.
For now, imposing a big blanket tax on EVs is likely pretty easy for lawmakers to pass, considering the fact that EVs are often still considered a luxury for the rich. That, however, is changing — and lawmakers will likely have to come up with something that makes a little more sense. Consumer Reports, for example, recently concluded that the maximum justifiable fee to charge Texas EV drivers for lost gas tax revenue is $71 per car. In reality, though, it charges much more.
Not every state charges that much, of course. California charges “up to $175” per year, depending on the car’s value, while Hawaii charges $50 per year, or $0.008 per mile as a road usage fee. Hawaii has announced that it will be removing the $50 option starting in 2028, and in 2033, will apply the road usage fee to all drivers, regardless of car type.
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