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BMW i3 / i8 / ActiveE
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  #1  
Old 01-22-2014, 10:36 PM
Bernie@Bimmerfest Bernie@Bimmerfest is offline
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Saving money with your EV? Not so fast, special EV taxes are on the rise!



Just when you thought you were helping the environment and saving money buying a fuel efficient vehicle, special fees are on the rise. At least five states have started taking aim at high-efficiency and electric vehicles, realizing that these vehicles are costing them a lot of money.

This looks to be a trend, as automakers make vehicles that are more fuel efficient and electric vehicles become more popular. States are looking to recover revenue from a drop in gas taxes. Since revenues from gas taxes are the primary source of funding for transportation infrastructure, those buying high efficiency and electric vehicles are hit with fees to compensate. This year, Colorado started charging high-efficiency and EV drivers a $50 registration fee to help recoup lost revenue. Nebraska, North Carolina, Virginia and Washington also charge special fees for these vehicles. Oregon has a bill in the works, that would charge a fee on EVs as well as vehicles getting 55 mpg or better.

So, maybe these fees/taxes are taking away some of the monetary savings on fuel that drive many people to these vehicles, but hey, at least you're still helping the environment by using less. I wonder if buyers and drivers will be thinking this way?

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Last edited by Bernie@Bimmerfest; 01-22-2014 at 10:39 PM.
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  #2  
Old 01-23-2014, 12:14 AM
tiburonh tiburonh is offline
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Quote:
Originally Posted by Bernie@Bimmerfest View Post
evtaxes

Just when you thought you were helping the environment and saving money buying a fuel efficient vehicle, special fees are on the rise. At least five states have started taking aim at high-efficiency and electric vehicles, realizing that these vehicles are costing them a lot of money.

This looks to be a trend, as automakers make vehicles that are more fuel efficient and electric vehicles become more popular. States are looking to recover revenue from a drop in gas taxes. Since revenues from gas taxes are the primary source of funding for transportation infrastructure, those buying high efficiency and electric vehicles are hit with fees to compensate. This year, Colorado started charging high-efficiency and EV drivers a $50 registration fee to help recoup lost revenue. Nebraska, North Carolina, Virginia and Washington also charge special fees for these vehicles. Oregon has a bill in the works, that would charge a fee on EVs as well as vehicles getting 55 mpg or better.

So, maybe these fees/taxes are taking away some of the monetary savings on fuel that drive many people to these vehicles, but hey, at least you're still helping the environment by using less. I wonder if buyers and drivers will be thinking this way?

Source Daily Caller
I figure I'm going to save almost $4,000 a year by not having to buy gasoline when I switch from my ICE Audi Q5 to the BMW i3. And my overall electric bill is going to go down significantly as well because I will be able to switch to PG&E's EV rate plan.

I think that somewhat less than $400 of my savings from not having to buy gasoline is money that would have gone to the California gas excise tax. I would be more than happy to pay that $400 to the state for my fair share of the things the excise tax funds -- and would STILL have a big financial incentive to get out of an ICE and into an EV.
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