States are quickly learning that promoting electric cars is coming with a high price tag. Colorado has joined a growing number of states that are imposing fees on electric and alternative vehicles to recover “lost” gas tax revenues.
As of this year, Coloradans driving electric, alternative fuel and high-efficiency vehicles will pay a $50 registration fee to capture more revenue from vehicles that use less traditional gasoline. This is part of a growing trend by which states are looking to recoup declining gas tax revenues as vehicles become more fuel efficient and drivers buy more electric vehicles.
Read Article