Latest market-sensitive news and views - Oct. 19 kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.
Electric vehicle ownership saw its biggest single year increase in 2023, and that trend is expected to continue. With the decline of fossil fuel tax revenue, the federal government will discuss alternatives in a scheduled hearing on Oct. 18.
The Highway Trust Fund, the nation's source of road and bridge funding, went bankrupt in 2008 and has since relied on transfers from the General Fund to supplement fuel taxes. Republican Senators have proposed a new funding source: an EV fee.
Senate bill would tax electric vehicles to support highways, mass transit bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.