A group of Senate Republicans proposed a $1,000 tax on new electric vehicle purchases to account for the cost of federal road repairs, David Shepardson of Reuters reports. The one-time $1,000 fee charged at the time of purchase would be roughly equivalent to what drivers of conventional vehicles pay in federal gas taxes over 10 years for highway funds, said Senator Deb Fischer, the lead sponsor of the measure. Electric vehicle car makers include Tesla (TSLA), Rivian Automotive (RIVN), Lucid Group (LCID), Ford (F), General Motors (GM), and Toyota (TM).
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