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 •January 18, 2023• By Nika Schoonover Capitol News Illinois nschoonover@ capitolnewsillinois.com 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 motor fuel taxes make up the backbone of … Read More
