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The Impact of Energy Efficient Vehicles on Gas Tax (Highway Trust Fund) and Alternative Funding for Infrastructure Construction, Upgrade, and Maintenance
  • Published Date:
    2012
  • Language:
    English
Filetype[PDF-1.45 MB]


Details:
  • Corporate Creators:
    Michigan Ohio University Transportation Center
  • Report Number:
    MIOH UTC TS51 2012-Final
  • Resource Type:
  • Geographical Coverage:
    United States
  • Edition:
    Final report.
  • Corporate Publisher:
    Michigan Ohio University Transportation Center
  • NTL Classification:
    NTL-ENERGY AND ENVIRONMENT-ENERGY AND ENVIRONMENTNTL-ECONOMICS AND FINANCE-ECONOMICS AND FINANCE ; NTL-ECONOMICS AND FINANCE-Funding ;
  • Format:
    PDF
  • Description:
    Road construction, upgrades, and maintenance have largely been financed by a gas tax since the first tax on fuel was instituted by the federal government in 1932. Monies from the gas tax and other sources are deposited in the Highway Trust Fund to handle the country’s transportation infrastructure needs. States also tax fuel to varying degrees. As a result the average fuel tax paid by U.S. drivers is 48.8 cents per gallon. However, the taxes have failed to keep up with inflation and need. The country’s crumbling transportation infrastructure is the result. Further, as the researchers have detailed, based on current conditions and forecasts the funding gap is likely to worsen significantly.

  • Supporting Files:
    No Additional Files
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