Published 1 year ago

Report predicts billions in motor fuel tax revenue losses if state meets EV goals

Summary by Ground News

A new report from the Illinois Economic Policy Institute is warning of a potential steep decline in transportation revenue. The primary issue is motor fuel taxes, which will see a significant drop as more electric vehicles make their way to the road and fewer people fill their cars with gas. Motor fuel taxes make up the backbone of state funding for road and bridge projects.

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Report predicts billions in motor fuel tax revenue losses if state meets EV goals

Union-tied research group pushes for mileage tax to shore up road-building funds SPRINGFIELD – Despite Illinois’ efforts to smoothly integrate electric vehicles into the state’s economy, a new report from the Illinois Economic Policy Institute is warning of a potential steep decline in transportation revenue as the process of electrification accelerates. The primary issue is […]

1 year ago

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pantagraph.com

Report predicts billions in gas tax revenue losses if Illinois meets EV goals

As Illinois moves toward its goal of putting 1 million electric vehicles on state roads, a steep decline in revenue needed for road projects could follow, a new report warns.

1 year ago·Cherokee County, United States

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Whig UK

Report predicts billions in motor fuel tax revenue losses if state meets EV goals

Despite Illinois’ efforts to smoothly integrate electric vehicles into the state’s economy, a new report from the Illinois Economic Policy Institute is warning of a potential steep decline in transportation revenue as the process of electrification accelerates.

1 year ago

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http://www.kfvs12.com

Report predicts billions in motor fuel tax revenue losses if Illinois meets EV goals

A new report is warning of a potential steep decline in transportation revenue as the process of electrification accelerates.

1 year ago

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1470 & 100.3 WMBD

Report predicts billions in motor fuel tax revenue losses if state meets EV goals

SPRINGFIELD, Ill. (Capitol News Illinois) - Despite Illinois' efforts to smoothly integrate electric vehicles ...

1 year ago

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Shaw Local

Report predicts billions in motor fuel tax revenue losses if state meets EV goals

SPRINGFIELD – Despite Illinois’ efforts to smoothly integrate electric vehicles into the state’s economy, a new report from the Illinois Economic Policy Institute is warning of a potential steep decline in transportation revenue as the process of electrification accelerates.The primary issue is motor fuel taxes, which will see a significant drop as more electric vehicles make their way to the road and fewer people fill their cars with gas.Since …

1 year ago

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Report predicts billions in motor fuel tax revenue losses if state meets EV goals

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Report predicts billions in motor fuel tax revenue losses if state meets EV goals

Report predicts billions in motor fuel tax revenue losses if state meets EV goals

Report predicts billions in gas tax revenue losses if Illinois meets EV goals

Report predicts billions in gas tax revenue losses if Illinois meets EV goals

Report predicts billions in motor fuel tax revenue losses if state meets EV goals

Report predicts billions in motor fuel tax revenue losses if state meets EV goals

Report predicts billions in motor fuel tax revenue losses if Illinois meets EV goals

Report predicts billions in motor fuel tax revenue losses if Illinois meets EV goals

Report predicts billions in motor fuel tax revenue losses if state meets EV goals

Report predicts billions in motor fuel tax revenue losses if state meets EV goals

Report predicts billions in motor fuel tax revenue losses if state meets EV goals

Report predicts billions in motor fuel tax revenue losses if state meets EV goals

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