New fee for EV owners comes into effect in Texas

In Texas, Fort Worth Star-Telegram reported that EV owners started to pay a registration fee for new electric vehicles on September 1.

The report noted that Senate Bill 505 requires electric vehicle owners to pay a $400 fee when they register a new car and $200 each time the vehicle’s registration is renewed. The money goes to the State Highway Fund, which is largely used for public road projects. Part of that fund’s financing is fuel tax revenue.

The fee for electric vehicles is meant to replace the lost gas tax revenue, the report added.

More on the story.

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