Working Tax reform is needed now to create a cleaner, fairer transport system while providing sustainable revenue to avert a potential “fiscal black hole”, says a new report by the Green Alliance.
By 2035, 70% of cars and vans will be fully electric, predicts the think tank and charity. “Once all road vehicles are EVs, £28bn a year in tax revenue could be lost if nothing changes, which is equivalent to almost the entire 2021-22 budget for the DfT.”
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