HM Treasury could face losing almost a third of the revenue he gets from fuel duty from cars before the end of the decade because of the move to green motoring, predicts the RAC Foundsation.
However, the blow to the public finances – caused by the collapse in the sale of new diesel cars and the growing popularity of electric vehicles (EVs) – is likely to be cushioned by a temporary rise in the revenue received from petrol cars.
In 2019, (pre-pandemic) income from fuel duty was...
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