Despite Illinois' efforts to smoothly integrate electric vehicles into the state's economy, a new report from the Illinois Economic Policy Institute is warning of a potential steep decline in transportation revenue as the process of electrification accelerates.
The primary issue is motor fuel taxes, which will see a significant drop as more electric vehicles make their way to the road and fewer people fill their cars with gas.
Motor fuel tax is the state's leading source of transportation funding and makes up 52 percent of Illinois' total transportation revenue and 82 percent of its contributions to the Federal Highway Trust Fund. "In some states , they have done tests recently for a VMT tax because we have more and more electric cars on the road, more and more hybrids, and because gas mileage is rising," then-candidate Pritzker said."It's only fair if you're on a road and traveling on that road that you should pay your fair share.
According to Tyler's estimate, Illinois would have to add 119,000 electric vehicles every year in order to meet their goal of one million by 2030. If that came to fruition, the state would lose $765 million in combined sales and motor fuel tax when accounting for added EV fees. Counting federal revenues, that figure would jump up to $1.1 billion.
Tyler calculated that the total state and federal revenue loss over the next decade would be about $4.3 billion.
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