The 75 and ZT Owners Club Forums - View Single Post

Darcydog · 16th November 2020, 07:53

It seems the penny might have finally dropped re the use of electric cars and the governments now stated aim of no more petrol/diesel cars sold after 2030.

It seems they have woken up to the fact that this puts at risk the tax revenue they take from us petrol/diesel heads.

Broken down this brings in £27.5bn pa in Fuel duty

Vehicle Excise Duty brings in £7.1bn

And VAT on fuel brings in £5.7bn

The Institute of Fiscal Studies reported that this was a “huge long-run fiscal challenge to government” in that the stated desire to cut carbon emissions to net zero by the middle of the century “means that revenue from fuel duty will completely disappear over the next few facades”.

Road charging seems to be the most likely option. My son bought a widget that sits on his dashboard and when he travels in France on toll roads, the tolls are automatically counted and he is billed each month.

He says it works well.

16th November 2020, 07:53	#1
Darcydog This is my second home Join Date: Jul 2014 Posts: 5,428 Thanks: 3,123 Thanked 3,170 Times in 2,096 Posts	Road charges to fill £40bn black hole? It seems the penny might have finally dropped re the use of electric cars and the governments now stated aim of no more petrol/diesel cars sold after 2030. It seems they have woken up to the fact that this puts at risk the tax revenue they take from us petrol/diesel heads. Broken down this brings in £27.5bn pa in Fuel duty Vehicle Excise Duty brings in £7.1bn And VAT on fuel brings in £5.7bn The Institute of Fiscal Studies reported that this was a “huge long-run fiscal challenge to government” in that the stated desire to cut carbon emissions to net zero by the middle of the century “means that revenue from fuel duty will completely disappear over the next few facades”. Road charging seems to be the most likely option. My son bought a widget that sits on his dashboard and when he travels in France on toll roads, the tolls are automatically counted and he is billed each month. He says it works well.