Fuel Funding Fears

As drivers move to electric vehicles and the intention for these to be the only cars sold by 2030, the consumption of tax-heavy fossil fuels will reduce as lower excise licence (‘tax’) costs are associated.  This does not bode well for the Treasury’s £40billion annual income.

The Transport Select Committee’s inquiry on road pricing is open until 17/02/2021. For more details and to submit comments click here.

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