Eversheds Sutherland Up to Speed Blog
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New Taxes to Support Autonomous Vehicles

The Obama Administration has proposed a budget that includes a $10-per-barrel tax on oil, the stated purpose of which is to fund autonomous cars and improve traffic. This plan would provide over $2 billion per year for research on clean transportation, autonomous vehicles, and smart vehicle technologies, as well as an additional $20 billion a year to reduce...

Michigan Considering Future of Tax Credit for Auto Insurers

Lawmakers in Michigan have discovered that an administrative change in the way the state’s assigned claims program is funded is costing the state tax revenue. The assigned claims program covers medical care of people injured in auto accidents where there is no insurance coverage. Insurers doing business in Michigan are required to pay into the program to cover these claims. Because of...