Oh good so then they are going to do away with the state and federal tax on gasoline, right?
On the contrary, they are going to tax you for even *thinking* about gasoline.
And the excise tax on tires too, I bet!
Not likely. This is more akin to the tax revenue generated from cigarettes. Fewer smokers, less revenue. More fuel efficient cars, or worse, electric, less revenue.
I forget the double and triple taxation folks don’t count any of the taxes or fees that we pay that add up from anywhere from 20 - almost 50 of our income % in local taxes, oil & gasoline taxes, income tax, property tax, luxury taxes, phone taxes, oil dumping fees, vehicle registration fees, vehicle inspection fees, etc...