RGF talks to KOAT TV about roads

SB 2 has passed which means that the road issue has been “put to bed” for the time being. The bill which has been signed by the Gov. includes:

$1.5 billion in new road spending via a bond (debt) package. This also includes:

A 35% increase in the weight-distance tax on trucks

A 25% increase in vehicle registrations

A new fee starting at $70/annually starting in 2027 and heading to $90 by 2029 on EV’s (which don’t pay gas taxes)

Before the bill passed I discussed the broad issue associated with New Mexico’s roads with KOAT here (you can click on the picture below to watch/read it):

Then I sat down with KOAT to discuss the fee being levied on EV’s. (click picture to watch/read). You can find a chart of how much states charge EV drivers for using the roads. New Mexico’s fee is on the low side as the average is closer to $130-$140 annually.