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.

The House Transportation and Infrastructure Committee on Wednesday will take up the proposal Wednesday that includes new funding through 2029 for replacing aging facilities including air traffic control towers,

U.S. House Republicans have proposed a new $200 fee on electric vehicles, seemingly offering a path for the government to recoup cash from owners who avoid paying diesel and gasoline taxes. The House Transportation and Infrastructure Committee’s reconciliation bill draft outlines new annual registration fees for three types of vehicles,

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.