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EV owners looking at extra costs as UK moves to plug road tax gap

The UK‘s shift to EVs will come with a heavy price, an expected  £40 billion ($56bn) loss in the Treasury’s funds. On Wednesday, Greener Transport Solutions, a non-profit group that provides recommendations to central and local government, submitted to MPs a report, aimed at tackling this problem. Specifically, the report proposed a mandatory per-mile road pricing scheme by 2030, to coincide with the sales ban on internal combustion vehicles. The organization considers this measure a “fiscal imperative.” With the electric vehicles being exempt from vehicle excise duty (an emissions based tax) and the expected decrease in fuel demand, the Treasury will loose 28 billion ($39bn) from…

This story continues at The Next Web

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