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Drive a Hybrid? VMT Tax Will Chip Away at Your Savings

So much for the gas tax savings among drivers of hybrids, electric cars or other fuel-efficient vehicles…

After years of cost savings for fuel-efficient car buyers, the government wants the gasoline-tax revenue that was lost at the pump because the fuel-efficient cars don't have to fill up as much as other vehicles. 

That's why the Obama administration is floating the idea of taxing you per miles driven, or as preliminary legislation puts it, "vehicles miles traveled" (VMT).

Yes, you read that right: A new tax on every mile you drive.

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