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A 2017 study in the Journal of Public Economics found that "a VMT tax designed to increase highway spending $55 billion per year increases annual welfare by $10.5 billion or nearly 20% more than a gasoline tax does because: (1) the differentiated VMT tax is better than the gasoline tax at targeting its tax to and affecting the behavior of those ...
Due to its preexisting standards and particularly severe motor vehicle air pollution problems in the Los Angeles metropolitan area, the U.S. state of California has special dispensation from the federal government to promulgate its own automobile emissions standards. Other states may choose to follow either the national standard or the stricter ...
Trucks surpass trains in the weight category due their greater numbers, while trains surpass trucks in the ton-miles category due to the vast distances they travel carrying large amounts of freight. Usually cargo, apart from petroleum and other bulk commodities, is imported in containers through seaports, then distributed by road and rail.
New vehicles sold in the U.S. will have to average about 38 miles per gallon of gasoline in 2031 in real-world driving, up from about 29 mpg this year, under new federal rules unveiled Friday by ...
A new year will mean a new, slightly higher standard mileage rate for 2025. The Internal Revenue Service on Thursday announced that the 2025 standard mileage rate will go up by 3 cents per mile to ...
On Dec. 29, the agency announced a bump in the optional standard mileage rate starting Jan. 1, 2023 — which will now be 65.5 cents per mile driven. Taxpayers can use the new rate to calculate ...
US safety results are better than Russia, Saudi Arabia or Qatar. [26] Nonetheless the fatality rate in the United States is high relative to most other high-income nations. The 2013 U.S. rate of 7.1 road fatalities per 1 billion vehicle-km is about double the 2013 rate in Sweden , which was 3.5 road fatalities per 1 billion vehicle-km.
For senior drivers, rates hit their lowest point between ages 65 to 74, averaging $122.26 monthly. After 75, premiums begin climbing again, increasing about 5% to $127.96.