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New Jersey Approves Additional EV Road Use Taxes

The Truth About Cars

As more electric vehicles hit the roads, states are grappling with the change in tax revenues they’re seeing as a result. EV buyers don’t pay gas taxes, slashing millions out of state highway budgets and making it hard to afford planned improvements.

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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

Green Car Congress

Self Financial, a fintech company, has compared the running costs of electric and non-electric vehicles in each state. Across the US the average annual cost of running an electric vehicle is $2,721.96, while gasoline vehicles cost an average of $3,355.90 per year to run—a difference of $633.94 per mile.

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US Congress Considers 1st-Ever Purchase Incentive for Commercial EVs

CleanTechnica EVs

Last week, Senators Schumer and Manchin announced a compromise on a reconciliation bill, called the Inflation Reduction Act of 2022, that includes significant climate and air quality progress and a goal to reduce greenhouse gas emissions nationwide by 40 percent by 2030.

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Responsible Battery Coalition and U Michigan launch study to compare electric and gas vehicle lifetime costs

Green Car Congress

The Responsible Battery Coalition, in partnership with the University of Michigan Center for Sustainable Systems, launched a comprehensive research project to compare the total cost of ownership of gas and electric vehicles (EVs). Projections of future gasoline and electricity prices. Anticipated driving patterns.

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How to Save Big on a Tesla with Colorado’s New EV Tax Credit

EV Life

Electric vehicles are becoming more and more common on the roads across the country. With climate change awareness increasing, gas prices continuing to climb, EV charging stations expanding, and tons of new EV options hitting the market each year, it’s no surprise that electric vehicle purchases are skyrocketing.

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Is A Tax On Electricity (kWh) Consumed The Best Way to Supplement the Fuel Tax for Electric Vehicles?

EV Adoption

As sales of electric vehicles begin to reach significant numbers across the US, states are exploring approaches to replace lost tax revenue since EV drivers don’t pay fuel taxes as drivers of gas-powered cars do at gas stations. Declining Fuel-Tax Revenues: Beyond Electric Vehicles. MPG from 28.7.

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CMU study finds taxes on emissions would result in more rapid electrification by ridesharing companies

Green Car Congress

Ridesourcing vehicles’ high use intensity is economically attractive for electric vehicles, which typically have lower operating costs and higher capital costs than conventional vehicles. —Bruchon et al. Private and external costs of energy inputs vary across cities. Source: Bruchon et al.

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