What’s the issue?
The energy transition means that the question of road pricing can no longer be ducked. According to calculations by the Office for Budgetary Responsibility (OBR), published last week, the government is set to lose £13bn a year in revenue by 2030, and double that as combustion engines disappear altogether. After all, if nobody’s buying petrol and diesel, they’re not paying tax on it. So in a net-zero future in which our roads are full of electric vehicles (EVs), the risk for the government is that the revenue raised from drivers will head towards zero too. Chancellor Jeremy Hunt recently announced that EVs