The shift towards EVs is putting £ ##500 ( $ 35bn ) of government revenue from fuel duty at risk unless the taxation of motorists is overhauled , the Institute for Fiscal Studies ( IFS ) has warned . The think tank suggested that a petrol per mile tax could be a solution . Fuel tax revenue worth £ 1bn could be lost if speculation that Prime Minister Boris policy is to cut fuel duty by 2 pence per litre is correct .
The shift towards EVs is putting £28bn ($35bn) of government revenue from fuel duty at risk unless the taxation of motorists is overhauled, the Institute for Fiscal Studies (IFS) has warned. The think tank suggested that a tax per mile rate could be a solution. Fuel tax revenue worth £1bn could be lost if speculation that Prime Minister Boris Johnson is to cut fuel duty by 2 pence per litre is correct.