Yet, over the past 30 years, the funding for the trust fund has been declining, due to inflation and the fact that EVs now represent 2.5% of total light-duty vehicles in operation in America, and the market share of internal combustion engine vehicles has dropped by 24 percentage points since 2016. For over 20 years, transportation spending has exceeded the dedicated revenue flowing into the trust fund as the gas tax has failed to keep pace with inflation, and vehicles are becoming more fuel-efficient, the Committee for a Responsible Federal Budget says. Since increasing the federal gas tax is a nonstarter in any Congress, the solution to fix the problem with the dwindling revenues for the Highway Trust Fund is to replace it with a fee for every vehicle using the road, regardless of how it’s powered/fueled, the Alliance for Automotive Innovation says.
Author: Tsvetana Paraskova
Published at: 2026-04-04 21:00:00
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