Generally, most of the dollar talk we hear in regards to governments and EVs has to do with incentives and discounts to encourage the purchase of electric vehicles. But right, the state of Illinois is doing the exact opposite. Under consideration is legislation that would impose a $1,000 annual registration fee charged to owners of electric vehicles.
Illinois is not the only state considering his kind of measure either. In fact, many state governments are concerned that as the market share of EVs grows, revenues collected on taxes paid at the pump by owners of internal-combustion-engine (ICE) vehicles will melt away.
This is actually a common concerned voiced by ordinary citizens. And if it isn’t gas, it’s electricity. In electricity-rich Quebec, many worry that the cost of that energy source will soar to make up for the loss of revenue from gas taxes.
Illinois’ elected officials have simultaneously proposed a substantial increase in gas taxes, which would double to 44 cents per gallon. The registration fee for ICE vehicles would jump from $98 to $148, according to the Chicago Tribune.