A Gas Tax Hike Would Generate $840 Billion, Add 1.2 Million EVs, Cut 1.3 Billion Barrels Fuel Use

13.02.2018 8:00

Photo: joannie.jouwweb.nl
Photo: joannie.jouwweb.nl

Research shows a $0.25 U.S. gas tax increase would generate $840 billion in revenue, add 1.2 million total additional electric vehicles to the road, cut total fuel use by more than 1.3 billion barrels - all by 2050 - and would be equal to a $29/ton carbon tax on the transportation sector.

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Tags: Taxes, Fuel
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