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Today's Pickup: Fuel Tax Fades Into Sunset; Walmart Stores As Competitive Weapon
Monday, May 13, 2019 - 11:50am | 654Good day, Hiking motor fuel taxes is a proven and easy way for states to raise funds for infrastructure improvements. In fact, 31 state legislatures and the District of Columbia have raised fuel taxes since 2013. Yet the motor fuels tax is becoming a played-out source of funding as vehicles get...
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Virginia Sets Higher Fuel Taxes, Registration Fees To Fund Improvements, Especially On 81
Tuesday, April 9, 2019 - 10:46am | 848Virginia has approved a plan to fund improvements on interstate 81 and other parts of the state after an earlier plan to put tolls on the road collapsed. The new financing plan involves a series of new taxes on diesel fuel and gasoline, some to be phased in as late as 2021 while others...
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User Fee Plan Enters 2019 Highway Funding Debate
Thursday, January 24, 2019 - 5:59pm | 744Improving roads and bridges with fees collected by a mileage-based usage system as an alternative to raising federal fuel taxes is on the table as Congress begins fresh debates over how to pay for infrastructure. The Competitive Enterprise Institute (CEI), a Washington, D.C.-based libertarian think...
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Today's Pickup: Electric Vehicle Adoption Could Increase Fuel Tax Burden On Gasoline Vehicle Users
Thursday, December 27, 2018 - 12:21pm | 1033Good day, The Trump administration recently expressed its intention to end federal tax credits for electric vehicles, which was received with widespread discontent by environmental activists, as it could slow down the consumer migration from gasoline cars to the ‘greener' electric...
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Analyst: Oil Will Sink By 2040 When Electric Vehicles Dominate
Tuesday, September 12, 2017 - 3:56pm | 579The auto industry is on the road to revolution. Bernstein gives 30 years before electric batteries replace internal combustion engines as the on-road standard. Loup Ventures bets on 20. The timeline is in dispute, but analysts agree on one thing: sooner or later, change will come. And when it does...