Oklahoma is going to levy taxes and fees on electric car owners. Here's why

The Oklahoman

By Dale Denwalt

June 26, 2021

Faced with a future where cars need less (or no) gasoline, Oklahoma will collect additional taxes and fees from people who drive electric cars.

The decision to levy taxes and fees on electric vehicle drivers was made by legislators is in an effort to recapture lost revenues from the state's gasoline tax.

Electric vehicles: After losing out on Tesla, Oklahoma Gov. Stitt helps land another auto manufacturer

The gasoline tax is a significant contributor to maintaining roads and bridges, and by 2045, the Oklahoma Department of Transportation estimates revenue will be slashed nearly in half as gas-powered cars become more fuel efficient and more drivers use electric vehicles.

The state collected $365.9 million from the gasoline tax and $180.8 million from diesel taxes in fiscal year 2020.

View the full article: Oklahoman.com