Filed under: Etc., Government/Legal
http://www.blogcdn.com/www.autoblog.com/media/2011/07/road-revenue-table.jpgAccording to a new study by the American Road & Transportation Builders Association, new Corporate Average Fuel Economy Standards that mandate cars and light trucks average 54.5 mpg by 2025 will deprive federal highway projects of more than $65 billion in revenues.
That estimation is based on the fact that at-the-pump taxes levied on fuel are by law funneled to transportation projects. With mandatory CAFE fuel mileage increases, the amount of revenue collected from gas taxes will go down, which will cut into road revenues, the report says.
Of course, there are ways of circumventing that lost income, but all that will surely play out in the coming few years. In the meantime, click past the jump to see the report for yourself. Naturally, it’s worth noting that the ARTBA, based in Washington, DC, is a group that represents the interests of road and construction workers.Continue reading New CAFE standards will result in $65B in lost revenue for road projects
New CAFE standards will result in $65B in lost revenue for road projects originally appeared on Autoblog on Mon, 01 Aug 2011 08:29:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Commentshttp://feedads.g.doubleclick.net/~at/P0KXoqPiIFoK9nwiZHVwDKfC6KQ/0/di
http://feedads.g.doubleclick.net/~at/P0KXoqPiIFoK9nwiZHVwDKfC6KQ/1/di
http://feeds.feedburner.com/~ff/weblogsinc/autoblog?i=0xCdCVlo5Dg:5ctrhSdC8H0:wF9xT3WuBAs http://feeds.feedburner.com/~ff/weblogsinc/autoblog?i=0xCdCVlo5Dg:5ctrhSdC8H0:V_sGLiPBpWU
http://feeds.feedburner.com/~r/weblogsinc/autoblog/~4/0xCdCVlo5Dg