US Makes EVs More Expensive
Auto companies are having trouble selling EVs. Last year, only 8% of all new cars sold fell into the category. Now, there will be another barrier to potential buyers.
*US EV Nation
Semafor reports, “US states are increasingly charging higher registration fees for electric vehicles than for petrol ones, to make up for a shortfall in revenue from gas taxes.” A total of 39 states will adopt some form of the plan.
It is easy to see why states want to increase the number. The average gas tax per state averages $.571 a gallon. Of the $.18 is federal. While the tax is below $.30 below some states near the huge refineries south of Houston on the Gulf of Mexico, in several states which include New York, Michigan, Illinois and California, it is above $.60. Together, these states high tax gas states house over a quarter of the US population.
California Gets $7.5 Billion
The problem is real. California gets $7.5 billion a year from its gas taxes (excluding money that goes to the federal government). As gas cars slowly disappear and are replaced by EVs, under past laws, that money would go away.
EV sales in the US have nearly flat lined. The $7,500 tax credit to buy EVs will disappear. EV state taxes will give another reason for people to keep and buy gas powered cars.
Sponsor
Find a Vetted Financial Advisor
- Finding a fiduciary financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 financial advisors that serve your area in 5 minutes.
- Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. Get on the path toward achieving your financial goals!
More from ClimateCrisis 247
- LA Flood Risk Triggers Evacuations
- Soaring Coffee Prices Surge On Tariff News
- This Country Has The Worst Air Pollution In The World
- Climate Charge Risks Damage Of Satellite Collisions
