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Posts Tagged ‘TIAC’

Alternative-Fuel & Electric Vehicles: State Taxes & Fees

Monday, January 11th, 2016
Figure 1: Alternative Fuel Conversation Rates, from the National Renewable Energy Laboratory.

AMERICAN ROAD & TRANSPORTATION BUILDERS ASSOCIATION
As the use of alternative-fuel and electric cars and trucks continues to grow as a share of the U.S. fleet, state governments are relying on a mixture of user fees and taxes to ensure these drivers are contributing their fair share to highway and bridge construction and maintenance programs…The number of alternative-fuel cars and light trucks is expected to grow from 21.5 million vehicles in 2016—accounting for 9 percent of the U.S. vehicle stock—to 29.3 million vehicles in 2021, or about 12 percent of the entire fleet, according to data from the U.S. Energy Information Administration. Alternative-fuel vehicles include electric cars and trucks, hybrids, and vehicles that run on propane, fuel cells and natural gas.

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