LANSING – Because electric vehicle drivers avoid both Federal and State gas taxes, they pay only 70- to 80-percent of the cost paid by Michigan’s drivers of internal combustion engine vehicles, says Patrick Anderson, CEO of Anderson Economic Group in this video interview.
AEG expects EVs to represent from 15- to 25-percent of new vehicle sales in Michigan by 2030. This could result in a shortfall of $95 million in that year under current policy conditions.
He said if drivers of traditional ICE-powered vehicles continue to bear nearly the entire tax burden for road maintenance, the State will be unable to fund safe roads.
Report at www.andersoneconomicgroup.com
