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NJ Spotlight News | NJ lawmakers OK higher gas tax, new fee on electric vehicles | Season 2024

The funds raised will go to replenish the state Transportation Trust Fund
The video from PBS, aired on March 18, 2024, discusses New Jersey lawmakers' approval of a bill that raises the gas tax and introduces new fees on electric vehicles (EVs). The legislation aims to generate revenue for the state's Transportation Trust Fund, which supports infrastructure projects. The gas tax increase is set to be 1.9 cents per gallon, marking the first hike since 2016. Additionally, EV owners will face a new annual fee of $250, intended to ensure they contribute to road maintenance costs, similar to gasoline vehicle owners. The bill has sparked debate, with supporters arguing it's necessary for funding critical transportation improvements, while critics express concerns over the impact on consumers and the fairness of the EV fees.

Read the Full PBS Article at:
[ https://www.pbs.org/video/nj-lawmakers-approve-raising-gas-tax-new-fees-on-evs-1710789895/ ]