What role do EVs play in transportation infrastructure funding? CICE breaks it down in a new brief covering EV registration fees
We’ve always relied on the gas tax to fund our roads and bridges, but greater fuel efficiency has been chipping away at that revenue stream for decades. As electric vehicles (EVs) become more common, how we fund roads and bridges is changing, and that has real economic consequences. EV registration fees are meant to ensure that everyone pays their fair share, but they can also discourage EV adoption and slow down economic growth.
For chambers of commerce, it's important to look at these fees and think about fairer ways to support transportation infrastructure without hurting the local economy.
Check out CICE’s EV registration brief to learn more.