Governments around the developed world have been heavily incentivising the adoption of electric vehicles in recent years, due to the damage being caused to the environment by our current driving habit...
s. But what would actually happen if we all suddenly ditched our current vehicles in favour of an electric alternative?
Well, it would cost the UK government £24 billion per year in lost tax according to research by MoneySupermarket. Perhaps unsurprisingly, 80% of this total is made up of lost fuel duty, with British motorists facing the highest fuel duty rates in Europe…
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