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Illinois might start charging $1,000 per year to own an electric vehicle: It s outrageous

Illinois might start charging $1,000 per year to own an electric vehicle: It s outrageous By Robert Channick, Chicago Tribune A proposed hike in Illinois annual registration fee for electric vehicles, from $17.50 to $1,000, is being called unfair by current EV owners, and a sales disincentive by manufacturers - just as the new technology is beginning to gain broader traction. Research Volvo It s outrageous, said Nicoletta Skarlatos, 56, of Chicago, who bought a Tesla Model S five years ago. I thought Illinois was progressive and would want to encourage EV ownership. Aimed at raising money to make overdue road improvements across Illinois, the proposed legislation would also more than double the state s gas tax to 44 cents a gallon and raise the registration fee for standard vehicles to $148, from $98, among other elements.

Microchip shortage drives car prices up

by Kevin Bessler, The Center Square  | June 23, 2021 04:00 PM Print this article Prices for new and used cars continue to go up as a microchip shortage continues to affect the industry. Used cars have been more heavily impacted. According to the U.S. Bureau of Labor Statistics, used car prices have jumped 21% since April 2020. In Illinois, used car prices have increased nearly 15% over the past year. New car prices have increased 2% during the same time period. Used vehicles saw May’s largest month-over-month inflation, with prices jumping over 7% in the latest Consumer Price Index report. That followed a 10% surge in April.

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