Electric Vehicles and Transportation Revenue 

Dec. 20, 2023 – According to a note in CalCIMA’s e-newsletter, the Legislative Analyst’s Office (LAO) issued a report that says the conversion from gasoline and diesel- powered cars and trucks to more efficient or electric ones will decrease annual transportation revenue noticeably by 2034-2035. Currently, dedicated transportation revenue from fuel and weight taxes and fees amounts to $14.2 billion…

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