• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 21 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 hours How Far Have We Really Gotten With Alternative Energy
  • 5 hours If hydrogen is the answer, you're asking the wrong question
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 18 hours Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 4 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)

Illinois Could Raise EV Registration Fee To $1,000, Hike Gas Tax

A bill at the Illinois legislature proposes to raise the annual registration fee for electric vehicles (EV) from US$17.50 to US$1,000 and to more than double the gas tax from 19 cents to 44 cents per gallon, under a plan to fund infrastructure advanced by Democrat State Senator Martin Sandoval.

According to the bill, introduced at the Illinois General Assembly, owners of fully electric vehicles “shall register the vehicle for a fee of $1,000 for a one-year registration period,” under the proposal that strikes out the current “In no event may the registration fee for electric vehicles exceed $18 per registration year.”

The bill also proposes to increase significantly the gas tax in the state, as well as the license fees.

The proponent of the bill, Martin Sandoval, argues that this is a plan to raise funding for much needed infrastructure improvements in the state, while EV owners and gasoline car owners alike are unhappy with the proposed legislation, for different reasons.

“We haven’t updated our gas tax since 1990. We haven’t had a capital bill in over 10 years. It’s time to modernize our transportation funding formula to make it sustainable and consistent,” says Sandoval, adding that “Our transportation system has been underfunded for far too long. We’ve been kicking this can down the road for decades and it’s time for us to finally step up and find a solution.”

According to Rivian, an EV developer which is considered to be a potential future rival to Tesla and which owns a factory in Illinois, the proposal for such high EV fees would discourage EV technology.

Related: Oman’s Newest Approach To Boost Oil Production

“Imposing fees on EVs that are over 400 percent more than their gasoline powered counterparts is not only unfair, it discourages promising new technology that will reduce our dependence on petroleum, reduce emissions, and promote the Illinois economy,” Rivian spokesman Michael McHale said, as carried by Electrek.

The Citizens Utility Board (CUB) said, commenting on the Illinois proposal to hike registration fees for EVs:

ADVERTISEMENT

“It’s punitive, it’s unfair and it goes against Illinois’ transportation trends and needs.”

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News