Electric and hybrid vehicle owners may face new fees
The
Annual fees of
Bill sponsor
The association projects motorists who drive 10,000 miles a year pay about
Gas-tax money is used to pay for transportation projects.
"So, to remain silent on this issue for very long is eventually going to put the state in a crisis where we can't have adequate transportation capacity," said Hooper, who chairs the
But a
"Electric-vehicle owners pay tax when they purchase electricity, either at a charging station or at their house," Gruters said.
Lobbyist
"What we would like to see in really going forward is really looking at what that baseline fee would be," Sharkey said.
The proposal has the backing of the
Investment and Jobs Act, which earmarked
"There's a heavy amount of subsidy already given to encourage people to drive electric vehicles," Prasad said.
But
"After doing some research I found that I could afford the high payments (of an electric vehicle), but only if I stayed steady at work," said Alfred, who also works as a real estate agent. "Part of what made this possible was the lack of fuel, oil changes and other fees and maintenance typical of vehicle ownership."
The
The House Transportation & Modals Subcommittee will take up similar legislation (HB 107).
State economists have projected the proposed registration fees would generate
The
According to the
A
Under Hooper's proposal, the annual



Senior living: Dodging the Medicare enrollment deadline can be costly
Arch Announces Non-Profit Accident Product Now Available Through Arch APEXSM Portal
Advisor News
- Report: Many Americans paying up to 45% of annual income on auto loans
- Latest state budget raises taxes on Californians, ignores voter priorities
- What advisors and clients must know about Roth conversions
- Worker retirement confidence dips to lowest level in a decade
- What’s behind private equity investment in insurance brokerages
More Advisor NewsAnnuity News
- Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
- Why annuities are gaining traction with younger investors
- Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- Fortitude Re Completes $500 Million FABN Issuance
More Annuity NewsHealth/Employee Benefits News
- California Democrats vote to raise healthcare premiums: Some by 97 percent
- Free transit, free medical care announced at meeting
- CareFirst accuses Maryland insurance brokers of overseeing $50M fraud
- Symetra Partners with PlanSource to Streamline Workforce Benefits Administration
- California is getting ready to increase a health insurance tax. Will it affect your premium?
More Health/Employee Benefits NewsLife Insurance News
- Avoid the ‘summertime slump:’ Strategies to remain productive
- Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
- Symetra Partners with PlanSource to Streamline Workforce Benefits Administration
- Royal Neighbors of America achieves record growth
- Only 1 in 4 Americans Think Now Is A Good Time To Invest, Allianz Life Study Finds
More Life Insurance News