News

Electric-Car Shift Drains Fuel Taxes in Some Countries

Electric-Car Shift Drains Fuel Taxes in Some Countries

Governments around the world have long encouraged motorists to buy electric cars. Now they are starting to grapple with a consequence of the green drive: dwindling income from fuel taxes.

Several countries have sought to phase out gasoline and diesel cars by offering tax and other incentives to drivers who buy new electric vehicles, part of broader efforts to cut carbon emissions. But in places where more EVs are hitting the road, income from fuel tax, which often accounts for a significant chunk of public revenue, is falling.

Leave a Reply

Your email address will not be published. Required fields are marked *