The rush to electric cars will blow a £9billion black hole in the public purse by 2030, ministers were warned yesterday.
What rush? Private buyers aren't convinced!
Experts said fuel duty receipts would fall by around this much because of the Government's 2030 ban on the sale of new petrol and diesel cars. Electric cars are also currently exempt from road tax, which is projected to cost the public finances hundreds of millions of pounds more.
Did anyone really believe the government would give that up? Really?
It will pile pressure on ministers to come clean about whether they will introduce new road taxes to plug the hole and about the true cost of going electric.
Why? We know whatever they say will be a lie...
Peers were also told that the 2030 cliff-edge could be counter-productive in terms of reducing carbon emissions because drivers may buy fossil fuel cars ahead of the deadline and hold onto them.
Incentives matter! They drive behaviour. How many times do we need to learn this lesson?