U.S. House Republicans on Wednesday advanced a new $250 annual fee on electric cars but dropped a $20 federal yearly registration fee on all vehicles starting in 2031 to fund road repairs as part of a tax reform bill under consideration.

A House panel backed a $250 fee on electric vehicles Wednesday, part of its plan to find $10 billion in deficit-reduction over 10 years.

U.S. House Republicans are proposing $15 billion in new funding for air traffic control reform and a new $200 fee on electric cars as part of wide-range tax reform bill under consideration. The House Transportation and Infrastructure Committee on Wednesday will take up the proposal Wednesday from Representative Sam Graves,

Ferrari, which will present its first EV in October, showcased the two new plug-in hybrid models at its Maranello headquarters, in northern Italy.

More power and performance for the turned-up 867-hp PHEV, but Ferrari's key target is better driver involvement.