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Pay-per-mile vehicle charging concept wins £250k Wolfson Economics Prize

Mark Moran
14 July 2017
Gergely Raccuja
Gergely Raccuja

 

A recent graduate from University College London has won the 2017 Wolfson Economics Prize, a £250,000 competition that posed the question: “How can we pay for better, safer, more reliable roads in a way that is fair to road users and good for the economy and the environment?”

Gergely Raccuja proposed a distance-based charge as a replacement for both fuel duty and vehicle excise duty. The money raised by a levy could be used to improve air quality and invested in making UK...

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