Cayman GTS 4.0

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Originally Posted by John V

The first order of business should be to address the road use tax (i.e. fuel tax) that EV drivers don't pay.

At least 20 states already have an EV registration fee to solve for this, with more coming. The only problem with them is that many (most) of the fees result in a higher tax for the EV (based on average miles driven)...

Some of these also apply to hybrids -- typically 50% of the full BEV amount

Links with more info (the first link is missing at least Ohio, the consumer reports link shows the % increase over the gas tax)...
https://www.myev.com/research/intere...ectric-vehicle
https://www.consumerreports.org/hybr...tric-vehicles/

Originally Posted by clyde

We've been talking about taxation in some other threads over the past year. Short version is there are at least two schools of thought on whether taxing ICE vs EV will help drive people to EVs or just fuck over those of more meager means and, like all other regressive tax policies, further expand the gulf between the moneyed and the damned.

I'm not sure what the connection is between ICE and insurance?

Originally Posted by wdc330i

Well, the fairest thing would be to add a surcharge on ICE new cars such that it closes the delta between them and EVs, or makes EVs more affordable. And/or continue incentives and rebates for buying EVs.

Leave used ICEs alone to help with affordability for lower income folks.

I like the approach Norway has taken, although politics in this country will prevent this type of logical and carbon-reduction focused solution from happening.

Phase 1: Incentivize EV purchases. Norway did this by reducing VAT on EVs to 0%, along with a reduction in the VAT for PHEVs. They also eliminated tolls reduced the annual registration taxes for EVs. This created a strong incentive for EVs by making them significantly less expensive to buy (VAT is 25%) and operate. Result is that the majority of new car sales in Norway are now electrified (EV and PHEV).

Phase 2: Make ICEs more expensive to buy and operate. This has been done adding a 20% carbon tax on new ICE car sales. Norway is also increase tolls and fees for all vehicles. For tolls, since EVs are coming off a baseline of $0, they are still less expensive to drive. This will be done in phases and tolls will eventually double for ICE and return to the "normal" rate for EVs over the next couple years.

Phase 3: Reintroduce VAT on EVs. Earlier this year, a proposal was to include VAT on higher priced EVs, but only the portion over 600k kroner (about $65k). At some point they will either bring that threshold down, or introduce a graduated VAT on EVs.

Result is that Norway hit 60% electrified new car sales in 2020...
More info here: https://www.forbes.com/sites/ianpalm...h=1e86e65e275f