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airdvr

Tesla, GM Lose Bid To Raise Ceiling For Federal EV Tax Credit

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1 hour ago, Bigfalls said:

The federal fuel tax on gasoline is $.184 / gallon, (New York State highway use tax is an additional $.08).  To be generous, let's say the average fuel mileage for the country is 30 mpg.  That comes to $.006133 / mile.  Let's say that the average yearly vehicle mileage is 12,000 miles times .006133 = $73.69 / year (plus $32.00 in New York) that all electric vehicles should pay for the use of the highways.  Wait, I forgot about the sales tax, the average price for a gallon of gas is $ 2.588 / gallon.  At 8%, (New York) that comes to another $ .19 / gallon, another $76.48 / year.  That total for New York comes to $182.17.  So you Tesla drivers pay up.

You're right!

But wait.  In NY, about 25% of electric bills go to taxes.  12,000 miles a year means about 4000 kilowatt-hours for a Tesla (about 3 miles/kwhr.)  Average NY price is 17 cents/kwhr, so that's $238 a year that EV drivers pay in taxes.

Looks like gas car drivers are getting the better end of the bargain.  To be fair, we'd have to raise taxes on gas a bit.  Pay your fair share!

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5 minutes ago, billvon said:

You're right!

But wait.  In NY, about 25% of electric bills go to taxes.  12,000 miles a year means about 4000 kilowatt-hours for a Tesla (about 3 miles/kwhr.)  Average NY price is 17 cents/kwhr, so that's $238 a year that EV drivers pay in taxes.

Looks like gas car drivers are getting the better end of the bargain.  To be fair, we'd have to raise taxes on gas a bit.  Pay your fair share!

That is true, some of those are sales tax but is any of it transportation or highway tax.

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(edited)

Who pays for roads?

https://uspirg.org/reports/usp/who-pays-roads

·         Gas taxes and other fees paid by drivers now cover less than half of road construction and maintenance costs nationally – down from more than 70 percent in the 1960s – with the balance coming chiefly from income, sales and property taxes and other levies on general taxpayers.

·         General taxpayers at all levels of government now subsidize highway construction and maintenance to the tune of $69 billion per year – an amount exceeding the expenditure of general tax funds to support transit, bicycling, walking and passenger rail combined.

·         Regardless of how much they drive, the average American household bears an annual financial burden of more than $1,100 in taxes and indirect costs from driving – over and above any gas taxes or other fees they pay that are connected with driving.

Edited by ryoder

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2 hours ago, ryoder said:

Who pays for roads?

https://uspirg.org/reports/usp/who-pays-roads

·         Gas taxes and other fees paid by drivers now cover less than half of road construction and maintenance costs nationally – down from more than 70 percent in the 1960s – with the balance coming chiefly from income, sales and property taxes and other levies on general taxpayers.

·         General taxpayers at all levels of government now subsidize highway construction and maintenance to the tune of $69 billion per year – an amount exceeding the expenditure of general tax funds to support transit, bicycling, walking and passenger rail combined.

·         Regardless of how much they drive, the average American household bears an annual financial burden of more than $1,100 in taxes and indirect costs from driving – over and above any gas taxes or other fees they pay that are connected with driving.

Thanks for that info, I guess I will have to drive more to get my moneys worth.

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5 hours ago, Bigfalls said:

That is true, some of those are sales tax but is any of it transportation or highway tax.

Much of that money goes into the general fund, which is used to pay for roads.  (Similar to the sales tax on gas you were talking about above.)

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(edited)
On 12/17/2019 at 5:45 PM, airdvr said:

wealthy guys and their golf carts.

Hi airdvr,

'Those Who Bet Against Elon Musk And Tesla Are Paying A Big Price'

 

https://www.npr.org/2020/01/16/796328145/electric-burn-those-who-bet-against-elon-musk-and-tesla-are-paying-a-big-price

Jerry Baumchen

Edited by JerryBaumchen
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