Traditionally, state governments have funded road construction through taxes on fuel. As vehicles become more efficient, though, the income from fuel tax is affected, with long-term concerns that it might eventually become insufficient. An increase in electric cars – and the introduction of electric trucks (Tesla recently unveiled an electric semi-truck) is starting to cause revenues to drop. With more than 90 percent of federal Highway Trust Fund receipts being collected at the pump, this is a very real concern.
Our roads and highways are our major means of transporting goods, providing service, and keeping our fleets moving and our business operating. Our highways need to be maintained and safe for drivers. The funds, which pay for roads, bridges, and transportation projects, come from the Federal Transportation Trust Fund.