It just felt like a ham-fisted way to incentivize EV purchases, when there are better ways to do that.
So it's a special EV privilege that is going away (because of the Feds). Now they'll be treated like other vehicles. Not as bad as the headline could be interpreted.
If you're referring to gasoline taxes, California taxes electricity too.
> with far less road damage per mile
I agree, let's tax all vehicles by weight. I'd love to see all those pickup trucks and full-size SUVs pay.
By weight and by tire count! Have to made sure to deal with four-tire axles and such, not to mention electric semi trucks.
I believe the California pilot determined that odometer reporting and occasional DMV drive-thru checks will be the solution. I’d post the newsletter to HN the next time it comes out but this isn’t really the sort of group that appreciates taxation.
So: the EV loophole is costing the state half of the road maintenance tax budgeted for road wear in subsidies paid to EV drivers, assuming that all gas vehicles get 30mpg at all times. I don’t expect that gap to last much longer now the Federal government is openly hostile to the state. Hooray for silver linings, I guess.
I had a couple of friends buy cars at the same time - one bought a new Subaru, and the other a used 997 Porsche 911. The 911 cost more, but not a large difference in price. In that part of the world, the Subaru (and almost all new cars) loses 40% in the first year in depreciation, and continues to drop off at 10% - 15% per year. The 911 has more expensive maintenance and insurance, but has so far, and could easily continue to be depreciation-proof. The difference in fuel is less than you might think too given how much lighter (and risky in crashes) older smaller cars are. So far the 911 has turned out to be by far the more sensible financial decision. Obviously there are much more financially-prudent alternatives to both, but I find it interesting how older interesting cars are looked at as frivolous purchases, but new utilitarian cars aren't.
Your comment was presumably talking about new or expensive 911s, and I don't want to criticise what you said at all. I just wanted to say something to hopefully encourage some people to consider sillier, more-fun cars as perhaps not a crazy option.
There are a million practicality reasons why this wont work out for most people, but a lot of families have two cars. I really like seeing the 2nd car being something in that realm of interesting but nearly as reliable, costs more in maintenance but less in depreciation, less practical but more enjoyable. It feels to me like that has gotten less common, and a lot of people think every vehicle needs to be as practical as possible.
But I’m also a new Maserati owner and your Subaru friend is doing rookie depreciation numbers above…
The federal government is notnot be extending the program, which means the underlying authority for the program expires.
California passed legislation to extend the program, but this extension is contingent on federal approval, which was not granted.