Hainan’s 2030 Fossil Fuel Vehicle Ban Tests Road Funding Model
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China’s southern island province of Hainan has reaffirmed its plan to ban sales of fossil-fuel-powered vehicles by 2030, sharpening debate over how to fund road maintenance as fuel-tax revenue declines.
The move underscores a growing challenge for governments in China and beyond: how to replace the traditional gasoline-tax funding model as electric-vehicle adoption accelerates and drivers consume less fuel.
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