Reports: Downing Street considering toll road network as EV switch threatens fuel duty revenues

Michael Holder
clock • 3 min read
The M6 operates the only current toll road in Britain | Credit: iStock
Image:

The M6 operates the only current toll road in Britain | Credit: iStock

Surging petrol costs and accelerating shift to electric vehicles has reportedly prompted Downing Street to finally look at how it can tackle anticipated reduction in tax revenues

Plans to help plug the looming hole in government revenues from fuel duty as motorists switch to electric cars over the coming decade are now being discussed in Downing Street ahead of tomorrow's Spring...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Taxation

How the UK can transform its clean heat market

How the UK can transform its clean heat market

Expanding VAT relief and widening the Boiler Upgrade Scheme to more low carbon technologies can be quietly transformational, argues Labour MP Jack Abbott

Jack Abbott MP
clock 08 November 2024 • 5 min read
Green Alliance: Transport tax reform could raise £23bn by 2030

Green Alliance: Transport tax reform could raise £23bn by 2030

Think tank claims green taxes could help Labour 'balance the books', but government insists there are 'no plans' for a shift towards road pricing

Stuart Stone
clock 19 September 2024 • 3 min read
Global Briefing: Denmark to charge farmers €100 per cow in 'world first' carbon tax

Global Briefing: Denmark to charge farmers €100 per cow in 'world first' carbon tax

Denmark to implement carbon tax on livestock emissions, €1bn Baltic Sea wind project enters delivery phase, and plans advance for a new 'carbon neutral' EV tyre factory

Stuart Stone
clock 28 June 2024 • 7 min read