Owners of electric vehicles in Texas will see new annual fees under a bill Gov. Greg Abbott signed into law Saturday. New registrations of electric vehicles...
Texas has nearly 200,000 electric vehicles in the state with more than 30,000 new EVs added to the roads so far this year, according toBoth the gas tax and electric vehicle tax are dedicated to the state highway fund, though some gas tax revenue is diverted to schools as well. The new tax will funnel at least $38 million in new money to the state highway fund. Gasoline and diesel taxes will generate an estimated $3.
“This is extremely important to make sure people are paying their fair share and that we have adequate funding for the preservation and maintenance of our highways in the future,” said state House Rep. Terry Canales, an Edinburgh Democrat, during debate on the law in April. The average owner of a gasoline fueled vehicle pays roughly $130 in state gas taxes per year, according to average annual mileage and fuel economy data maintained by the
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