Here’s a conundrum: the government is hell-bent on reducing the average fuel consumption, and thus CO2 emissions, of new vehicles. It’s even offering federal tax incentives to buyers who choose to go “green”, i.e. hybrids or all-electrics.
It follows that, lowering fuel consumption, means lower income from federal gas taxes that have remained the same since 1993. Without new sources of revenue, the Congressional Budget Office estimated last August that the Highway Trust Fund will need at least US$110 million in funding for road repairs.
Ah, but government officials are already taking care of that.
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