Owning an electric car in Illinois will be more difficult than ever as the state announces taxes that are 57 times bigger. Read it here first.
A $1,000 Fee for Owning an Electric Vehicle
The lawmakers in Illinois introduced new legislation that is going to hurt the pockets of electric car drivers. The new legislation established the annual fee for the registration of vehicles that will go up to $1,000. For the sake of comparison, the current registration fee is $17,50.
Illinois officials defend the new legislation by saying that the funds accumulated by this registration fee will be used for vital improvements, such as roadway renovation. The money that will be raised through this bill will fund crucial infrastructural projects, the Democrats explain.
Gas Car Owners Will Have to Pay Too
However, the owners of electric vehicles will not be the only ones whose bank accounts will experience a hit. The owners of gas-powered cars will also take a blow as the gas tax will go from the current 19 cents to a disturbing 44 cents per gallon. Besides this, the driver’s license fees will be twice as high. The owners of electric cars will also suffer an increase in driver’s license taxes as it will rise from the current $98 to as much as $148.
Owners of Tesla and Rivian are saddened by the news since they thought that Illinois was an eco-concerned and progressive state that would welcome the decrease of pollution levels. On the other hand, they see right through the government officials’ explanations and understand that it all comes down to the gas tax revenue. Since the state can’t benefit from electric vehicles the same way it can from the gas-powered ones, the lawmakers had to do something. Owners of companies mentioned above state that they stand firmly against this legislation since its repercussions will be devastating on both an economic and an ecological level.
However, this legislation is not a pioneer of its kind in Chicago. The city has already reached into the vehicle owners’ pockets once before during the speed camera and red light programs. These city’s programs were taking place from 2010 to 2015, and they caused outrage amongst drivers. The programs ended up in lawsuits filed by Chicago residents, and the city had to settle.
The Potential Consequences Worry the Most
The new legislation pointed against electric car drivers comes as a surprise in Illinois since the state is currently leading in the number of electric cars sold annually. The data provided by the firm Edmund shows that only last year over 15,000 electric vehicles were registered in the state of Illinois.
This new taxes will not hurt just personal bank accounts of electric car owners, but the entire electric car industry, experts fear. Since the electric car industry is widely accepted the be the future, this legislation turns the state of Illinois against global progress and the general interests of the public. The issue of environmental awareness is just one of many areas that can be stricken by this legislation. It can be hazardous towards the economy as well as industrial progress too. The legislation seems to undermine the interests of citizens and green-technology companies at the moment when the leading global multi-billion companies are turning their focus towards eco-friendly inventions and products.