As much as £170bn could be lost from government revenues between now and 2030 because of declines in fuel duty as electric vehicles become more popular. The forecast came in a report that said the government had failed to grasp the fiscal implications of the expected shift from petrol and diesel vehicles in coming decades. Ministers should consider moving from the current taxing of drivers through fuel duty – a sales tax on petrol and diesel – to a system of road tolls and congestion charges to plug the gap, according to the study by centre-right think-tank Policy Exchange.
FT 26th June 2017 read more »
Telegraph 25th June 2017 read more »