The future of electric vehicles seems to be bright given President Joe Biden‘s administration plans. One of them is its plan to replace the government’s fleet with electric cars. That’s a huge move that would go a long way in addressing climate change’s underlying menace since the fleet comprises approximately 650,000 vehicles. It would also help President Biden kill two birds with one stone. Besides achieving a cleaner environment, he would also address his manufacturing agenda.
Ever since taking office, the manufacturing agenda and climate change have been on top of Biden’s list of priorities. However, the list is not limited to the pair. His administration’s members say that the president is planning to so even more. Since the transportation infrastructure has been deteriorating over time, the new administration also plans to improve it at all costs.
However, to some extent, it would be a situation whereby someone bites the hand that feeds him. That’s because of the negative impact of the rapid transition on the federal Highway Trust Fund. The fund’s importance is indisputable since it plays a massive role in maintaining roads and bridges. It is also no secret its highest contributor is gas taxes. So, where does the transformation of motorists from gas to electric cars leave it?
It is negligible, if not no, increase as far as gas taxes are concerned for almost three decades now. During the covid-19 pandemic, the figure decreased due to limited movement and even a travel ban. However, the shift to electric cars might be the last nail on the coffin if it succeeds. According to Pete Buttigieg, who Biden nominated to be the Secretary of Transportation, a time not long from now, the gas tax’s effectiveness will be the million-dollar question.
When it comes to transport infrastructure, it leaves a lot to be desired, and every administration seems to agree with that, one question remains a mystery. As much as it would be great to work on it and may create a lot of work too, where to get the money for the work remains a mystery.
If the highway funds decrease, it might be adding insult to injury in the case of roads. Old times were tough given that the rate stands at 18.4 cents, which has been the case since 1993. Getting there was hard, and anyone who tries to seek another hike finds it impossible. That’s unreasonable to some extent, given that inflation happens every day. If instead of being a constant adjusted following the inflation rate, it would be 34 cents now. The bottom line is that that’s quite a situation, no doubt.
This post was originally published on Downey Magazine