New Liberal Problem: Electric cars owners don't pay gas taxes
In 2011, Federal and State governments made about 50 cents per gallon of gasoline sold in the United States. By contrast, Exxon only made about 7 cents per gallon.
The myth is that oil companies don’t pay their fair share, but that couldn’t be further from the truth. If you need evidence of this, look no further than North Carolina’s new conundrum: because more car owners are driving hybrid and electric cars, the state government isn’t pulling in as much tax revenue as they want.
Now, the NC state legislature is considering leveling new taxes on hybrid and electric cars.
from the Blaze:
The idea is pretty simple: Hybrid and electric cars use little to no gas, meaning the owner pays little to nothing in gas taxes. So state lawmakers are trying to come up with a way to make up for the loss in revenue.
“For hybrid cars the fee would be $50, electric cars the fee would be $100. Since hybrid cars use less gas supporters say the fees would help the state collect that money they lose from the gas tax back in order to fund road projects,” the report notes.
But this may pose a problem to potential Hybrid buyers.
See, one of the benefits to owning a Hybrid or electric vehicle — aside from the supposed environmental benefit — is that they usually come with several purchasing incentives.
Drive a Hybrid? Here’s a carpool lane for you. Drive a Hybrid? Here’s a parking space. Drive a Hybrid? Here’s a tax credit.
But all that could change for North Carolina drivers if the state makes owning a “clean” car as expensive in the long run as owning a gas-powered car.
“[W]hat effect, if any, will it have on potential car owners who are interested in buying hybrid or electric cars, but don’t want to pony up the extra cash,” the Consumerist asks. “It seems unlikely that $50-$100 would make a huge difference in decision-making for anyone willing to spend on a new car, but it could still happen.”
The irony of this is the amount of money that liberal politicians have spent trying to incentivize people to buy these things. Now, they want hybrid and electric car owners to pay up!
Ah, liberals! They just can’t be satisfied until they’ve taxed everyone into oblivion.
Toyota Prius V 2012 K
The Prius first went on sale in Japan in 1997, making it the first mass produced hybrid vehicle. It was subsequently introduced worldwide in 2000. The Prius is sold in more than 70 countries and regions, with its largest markets being those of Japan and the United States. In May 2008, global cumulative Prius sales reached the milestone 1 million vehicle mark, the 2 million milestone was reached in September 2010, and a total of 2.5 million Prii have been sold worldwide as of February 2012. Cumulative sales of 1 million Prii were achieved in the U.S. by early April 2011, and Japan reached the 1 million mark in August 2011. Since its launch in 2009, the third generation Prius sold more than 1 million units worldwide by September 2011.
In 2011, Toyota expanded the Prius family to include the Prius v, an extended hatchback wagon, and the Prius c, a subcompact hatchback. The production version of the Prius plug in hybrid was released in 2012. The Prius family reached global cumulative sales of 2.87 million units through April 2012, representing 71.8% of Toyota Motor Company hybrid sales of 4 million Lexus and Toyota units sold worldwide since 1997.
Why Buying a Battery-Assisted Hybrid is Better Than Buying a Plug-in Electric Vehicle
designnews.com“After studying the life cycle of electrified cars — from the first moment of raw material mining to the final day in the car’s life — Michalek and fellow researchers have concluded that hybrids with smaller batteries pollute less than pure EVs.”
Running on Silent: Hybrid Vehicle Safety Concerns
Here is an excerpt from a new blog post at GreggMarcus.com:
You’ve been in a bad car accident. Your car is a mangled mess. Now what? A car is considered totaled when the cost of repairing it exceeds the cost of replacing the vehicle. Understanding what you will get from totaled car insurance is essential to know what will happen in the event that an accident writes off your vehicle. In this post, Long Island Insurance Executive, Gregg S. Marcus, explains how your insurance company calculates the value of a totaled car.
When your car is totaled, your insurance company will give you what’s called “fair market value” for your car. The auto insurance company takes the following four factors into consideration when determining the fair market value:
Vehicle Type The type of vehicle that has been totaled and will be covered by the insurance plays a large part in the determination of value. Classic and luxury cars will be treated in a different way than an average car as they depreciate in value differently.
To read this post in it’s entirety, click here to visit the Gregg Marcus official website.
On competitive barrier
For example, for the lithium mining industry, I have to check if this industry has a competitive barrier, which is key to deciding whether the industry is worth investing. From the pespective of SQM, the largest supplier of lithium carbonate with a market share of over 30%, capacity expansion is no good to protect its product margin. We need to consider if it is possible for suppliers from China, Russia, etc to quickly launch their production capacities.
