To replace the gas tax paid by internal combustion engine (ICE) vehicles, the Texas House recently approved an annual $200 fee for electric vehicle owners. The bill now awaits approval from Governor Greg Abbott before becoming law.
In 2015, Texas had raised $3.4 billion with the gas tax, which adds another 20 cents per gallon to the price of gasoline and diesel. That made it the fourth-largest source of tax revenue for the state, which does not charge an annual income tax for individuals. As electric vehicle drivers will not be buying gasoline, the state sees its revenues in danger.
Still an interesting choice for the home of Tesla’s most recently built gigafactory, as well as a new lithium refinery.
carscoops.com, carbuzz.com
Keyword: Texas set to impose annual fees on EV owners