EV advocates agree that new vehicles need to help but argue that the new industry can’t be expected to solve a multi-decade ...
One year after the Francis Scott Key Bridge crumbled into the Patapsco River in Baltimore, killing six people, the American Society of Civil Engineers released its latest report on the state of ...
The issue stems from diminishing funds for the Highway Trust Fund, funded by gas taxes. As cars and trucks have become more fuel-efficient, federal revenue from gasoline and diesel sales declined.
At the same time, the Highway Trust Fund is expected to run out of money by 2028 due to declining gas tax revenues, driven by more fuel-efficient vehicles and alternative fuels. With a growing gap ...
“This is the highest percentage-based tax Congress imposes on any product, yet it fails to be a reliable source of funding for the Highway Trust Fund. This tax forces buyers to stick with ...
With more technologies entering the vehicle market, like fully electric drivetrains that aren’t paying into the Highway Trust Fund and semi-autonomous vehicles that are changing the way we drive ...
Those bills also extended the Highway Trust Fund and sometimes included advance appropriations and other policies. Russell McMurry, commissioner for the Georgia Department of Transportation ...
The Highway Trust Fund provides about a quarter of the annual public spending on roadway projects, according to the WSJ. There is an alternative bipartisan bill in the Senate, notes Businessweek.
The Infrastructure Investment and Jobs Act of 2021 allocated $7.5 billion for electric vehicle charging infrastructure. With ...
The Senate will hold its first hearing this week on the upcoming highway bill. Lawmakers are revisiting an old idea as they consider how to replenish the long exhausted Highway Trust Fund: tax ...