Study: EV popularity in California could cost the state billions
Without changes in the way the Golden State levies taxes and funds transportation costs - namely gas taxes - it could find itself in deepening budget deficits through 2040, a new study finds.
The good news for California: the state’s drive to move residents from gas-powered cars to Electric Vehicles could become wildly successful.
The bad news: It could become wildly successful.
That’s because the state may find itself with massive deficits in its budgets for roads, highways and transportation as fewer residents pay fuel taxes at the pump in f…
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