May 15, 2012
The Institute for Fiscal Studies (IFS) has highlighted the dilemma facing many governments – motoring tax income set to fall even as traffic rises - in an analysis of the decline in the amount of revenue collect from fuel duty and VED (vehicle excise duty) in the UK. The collapse in income from motoring taxation will be caused by increasingly fuel efficient petrol and diesel cars, and the predicted large-scale take-up of electric vehicles.
