A Gas Tax Hike Would Generate $840 Billion, Add 1.2 Million EVs, Cut 1.3 Billion Barrels Fuel Use

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Research shows a $0.25 U.S. gas tax increase would raise $840 billion in revenue, add 1.2 million additional electric vehicles to the road, cut total fuel use more than 1.3 billion barrels and would equal a $29/ton carbon tax on the transportation sector.