A fork in the road

The Capitalist · May 26, 2023 · 20m

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…