It could be shocking to many Oklahomans that one of many largest progress areas for the state’s economic system is within the electrical car business. That progress may very well be each a blessing and a curse with regards to transportation funding.
This new dynamic will create numerous adjustments for the state’s economic system, together with tax income for the state that’s paid on the pump. For that reason, Gov. Kevin Stitt has just lately signed laws to handle how the longer term progress of electrical autos will affect the state’s transportation infrastructure funding.
The excellent news is that Oklahoma Division of Commerce Director Brent Kisling spoke to Enid Rotary final Monday about how the expansion within the electrical car business might assist diversify Oklahoma’s economic system.
In response to Kisling, $15 billion of auto manufacturing initiatives are Oklahoma proper now. Most need to construct electrical autos. Our state acquired a sign final yr that it may very well be a very good house for the electrical car business when Tulsa was named a finalist for a Tesla plant.
Tesla ultimately selected Austin, Texas — nonetheless, Oklahoma is well-positioned for electrical car progress, Kisling mentioned. Oklahoma is at the moment No 2. within the nation within the electrical car grid. In response to Kisling, you’ll be able to’t drive greater than 50 miles in Oklahoma with out attending to an electrical car charging station.
The emergence of electrical and hybrid car availability might dramatically scale back the present gasoline tax revenues the state relies on to assemble and keep roads and bridges. The latest laws signed by Stitt creates a process drive to evaluate the right way to correctly fund the state’s transportation wants on this rising setting.
Being proactive at this stage and developing with a plan to handle long-term transportation wants is the right factor to do.