Auto industry trade group urges feds to scrap gas tax and replace it with a vehicle weight fee [Yahoo! Finance]
General Motors Company (GM)
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Source: Yahoo! Finance
Alliance for Automotive Innovation CEO John Bozzella, whose group represents automakers such as General Motors, Toyota, Volkswagen, Hyundai and other leading car manufacturers, put forward a proposal that urged the federal government to address the growing shortfall in the Highway Trust Fund with a vehicle fee. The proposal would function like a vehicle registration fee that's assessed on all vehicles based on their weight, and was first reported by Reuters. It comes as the federal government's current surface transportation law is set to expire on September 30, which could prompt debate over policy changes. "This policy would guarantee every vehicle on the road contributes something to maintaining America's transportation network," Bozzella said. "Those driving older, less fuel-efficient vehicles or who travel long distances bear the financial burden. That's not fair." Americans Ditch Evs For Bigger Vehicles As Auto Trends Reverse The Highway Trust Fund , which finances the
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