Implications of electric vehicle penetration on federal and state highway revenues.

Details

• Alternative Title:
  Final research project report : EVTC project 1 - implications of electric vehicle penetration on state and federal highway revenues ; Implications of electric vehicle penetration on state and federal highway revenues.
• Creators:
  Schleith, Kevin
• Corporate Creators:
  Florida Solar Energy Center ; University of Central Florida. Electric Vehicle Transportation Center (EVTC)
• Corporate Contributors:
  University Transportation Centers Program (U.S.) ; United States. Dept. of Transportation. Research and Innovative Technology Administration
• Subject/TRT Terms:
  • Electric vehicles
  • Fuel taxes
  • Federal aid highways
  • Revenues
• Publication/ Report Number:
  FSEC-CR-2052-17
• Resource Type:
  Tech Report
• Geographical Coverage:
  United States
• Corporate Publisher:
  University of Central Florida. Electric Vehicle Transportation Center (EVTC)
• Abstract:
  This report summarizes the results of research conducted to determine if current and ; near future electric vehicle (EV) sales will have an impact on motor fuel tax revenues as ; part of the Federal Highway Trust Fund (HTF). Gasoline and diesel fuel taxes account ; for $31.1 billion or about 87% of the HTF. The project results were accomplished by ; conducting a review of existing industry and government reports that detail fuel tax ; revenues and an analysis of EV sales from 2010 through 2016. Results show, that as ; of January 2017, the lost fuel tax revenue from EV sales of 560,000 vehicles is shown ; to be $111.8 million or a loss to the HTF of 0.36%. Although EVs, at present, have ; little impact on the HTF, calculations for EV sales growth rates of 10% show a 5% ; reduction in the HTF in about 20 years. Thus, new policies and programs that aim to ; increase revenue streams for highway funding as a result of EVs are under ; discussion in some states. Options being considered are fee based travel, increased ; direct taxes and surcharges on vehicle purchases.
  More +
• Format:
  PDF
• Alternate URL:
  http://fsec.ucf.edu/en/publications/pdf/fsec-cr-2052-17.pdf
• Funding:
  DTRT13-G-UTC51
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/31874/dot_31874_DS1.pdf
• File Type:
  [PDF - 980.87 KB]
• Collection(s):
  University Transportation Centers ; US Transportation Collection
• Main Document Checksum:
  urn:sha256:2431dab4dbb645b4ef5bbb03c8cfa87e61855b53a4e4a2c1d93ccd2d918aca3f