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5

Bill Would Add Electric Vehicle Fees to Boost Highway Trust Fund

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Electric Vehicles, Fuel tax, Highway Trust Fund
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By Jeff Davis

In the past 15 years, Congress has conducted 10 transfers from the general fund to the HTF, totaling nearly $272 billion, says Jeff Davis, a senior fellow for the Eno Center for Transportation. Of these transfers, the smallest was $6.2 billion in 2012, while the largest was $118 billion as part of the Infrastructure Investment and Jobs Act that was enacted in November 2021.

7

House Transportation Lawmakers Spotlight Highway Trust Fund

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Electric Vehicles, Fuel tax, Highway Trust Fund
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By Jeff Davis

At the hearing with House lawmakers Oct. 18, Jeff Davis, senior fellow at the Eno Center for Transportation, suggested the panel scrutinize the account over the coming years. “From a truth-in-budgeting perspective, the choice seems clear: It’s time to either mend, or end, the Highway Trust Fund,” Davis told the transportation committee.

10

House Panel Spotlights Highway Trust Fund’s Looming Woes

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Electric Vehicles, Fuel tax, Highway Trust Fund
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By Jeff Davis

Jeff Davis, a senior fellow with the Eno Center for Transportation, told the subcommittee, “States are taking the lead and and testing new user-pay options.” They include ways to charge vehicles by miles traveled. “These are promising,” Davis said.

11

12% New-Truck Tax Panned at Highway Funding Hearing

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Electric Vehicles, Fuel tax, Highway Trust Fund
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By Jeff Davis

Of the $1.4 trillion of tax receipts pumped into the Highway Trust Fund since its inception in 1956, about 8% — $114 billion — has been through the 12% FET on new tractors and trailers, according to testimony from Jeff Davis, a senior fellow at the Eno Center for Transportation, who also participated in the hearing.