UK Needs Distance-Based Fees as EVs Drive Down Gas Tax Revenues – The Energy Mix
“Fuel duties raise £28 billion (US$35 billion) –almost 4% of total government receipts—and all of that will disappear in coming decades unless action is taken,” The Telegraph reports, citing a report last week by the London-based Institute for Fiscal Studies (IFS).
Is this why Canada is slow adopting EVs?