There are few political questions as vexed as how to tax hard-pressed motorists. For many years, the Treasury has treated British drivers as a cash cow, levying high taxes while investing relatively little in the road network.
Now, however, things are changing rapidly. The take-up of electric vehicles and the upcoming ban on new petrol and diesel cars presents a big fiscal headache for the Government. How will they replace all that fuel duty revenue in a world where far fewer people are driving gas-guzzling vehicles?
Thankfully, we at the Centre for Policy Studies have the answer, as this week’s guest – our Energy and Environment Researcher, Dillon Smith – sets out in a new report this week.
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