Ooops! Government's EV Push Will Cost Them $92 Billion In Road Taxes

As governments across the globe push for the proliferation of electric vehicles, they’re creating a new problem for themselves. While EVs may be helpful in mitigating pollution in and around city centers, they’re not going to be nearly as friendly on the infrastructure.

A report from the International Energy Agency suggests the ramp-up of battery powered automobiles could result in a $92 billion tax shortfall by 2030, assuming everything goes according to plan. But even if global governments only manage to get halfway to their intended electrification goals, they’re still missing out on an estimated $47 billion in fuel duties.

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TheSteve - 5/31/2018 11:39:06 AM

-2 Boost

Just more alarmist "EVs are Bad" rhetoric. Don't worry your pretty little heads. Governments find ways to make up lost revenue... by taxing something else :-/

Vette71 - 5/31/2018 12:40:39 PM

+1 Boost

Blue state Mass is already working on the idea of taxing them on mileage. Former guv, Duval Patrick, who wants to run in 2020, liked the idea when he was guv. Never met a tax he didn't like!