Electric Vehicles And Paying For Our Highways
May 20, 2021
With anticipated growth in electric vehicle (EV) sales in the United States, the question remains: How are EVs going to pay their fair share of maintaining our nation’s highway infrastructure? The Highway Trust Fund was created in 1956 by Congress to pay for our Interstate Highway System. Currently, the fund receives monies from the federal fuel tax – 18.4 cents per gallon of gasoline and 24.4 cents per gallon of diesel fuel.
The federal fuel tax has not increased since 1993, and since it is not pegged to inflation, collections are insufficient to maintain our highways without the infus...