article thumbnail

With gas phase-out in view, Europe could lose $160 billion in fuel taxes

Teslarati

With Europe’s gas phase-out plans now within view, the countries there could be set to lose significant funding from fuel taxes in the coming years. Still, the change could have some latent effects, especially as most countries get crucial revenue from taxes on gas. What about in other countries?

article thumbnail

Texas CNG, LNG motor fuel sales double FY 2014 estimate

Green Car Congress

As of 31 July, fiscal 2014 tax revenue from sales of compressed natural gas (CNG) and liquefied natural gas (LNG) motor fuel totaled $2,178,199, according to the Texas state Comptroller’s office. State forecasters projected fiscal 2014 natural gas motor fuel tax revenue of $992,000, equal to sales of 6.6

Texas 285
article thumbnail

Texas considers EV tax, and EV owners are on board

Teslarati

The Texas State Legislature is considering levying a tax against EV owners to fund road upkeep and improvement, and EV owners are on board. However, that reduced cost is now being challenged by a tax proposed by Texas State Legislature members that would either tax EV owners per mile driven or yearly with a flat fee.

Texas 83
article thumbnail

Mn/DOT assessing potential for mileage-based user fee to replace fuel tax; Battelle conducting technology assessment

Green Car Congress

Minnesota’s highway revenues are derived from three sources: the gas tax, vehicle registration fee or tabs and the motor vehicle sales tax. Other state DOTs also are researching alternative financing methods to supplement or replace a gas tax. —Cory Johnson, project manager.

Fuel Tax 262
article thumbnail

FedEx and VW EV Plans, Second GM Battery Factory – EV Week in Review: Mar 2 – Mar 8

EV Adoption

Minnesota State Senator Proposes Electric Fuel Tax – As more residents of Minnesota buy electric vehicles gas tax revenue will decline causing the state to find a way to replace the gas tax money it uses to pay for roads and bridges, said Central Minnesota Sen. . – March 3, via CNBC.

GM 52