APPG 2030 Ban

Fair Fuel APPG for UK Motorists and UK Hauliers August 2021 Page | 32 So, here’s the thing, if fossil fuelled vehicles had the same tax subsidy benefits as EVs do, their cost per mile would fall from 74p per mile to 61p. That’s 6p less than the BMW i3 Electric car. And don’t forget in the example above, the Government EV subsidy to move to an EV was not taken into account. Electric vehicles, we are told, are here to stay, subject to the uptake of other powertrain fuel technologies now in development. So, it would be absurd and economically catastrophic for any Government to NOT try to replace the current always reliable 4 th to 5 th largest income to the Exchequer, with a new EV tax. That is a significant point that is going under the green agenda’s radar. In the FairFuelUK poll 49,160 Road Users were asked who should help to maintain the enduring Fuel Duty/VAT tax receipts into the Treasury when EVs are likely to dominate. A most significant survey outcome: 84% of petrol and diesel drivers believe that EVs should pay a form of Fuel Duty. Furthermore, even 64% of EV Drivers say, somewhat surprisingly, they are prepared to pay a road user tax that is likely to replace Fuel Duty. But any replacement fuel tax, say over 9 out of 10 EV drivers must be mainly loaded onto fossil fuelled drivers. Environmental evangelism & virtue signalling policies costing the UK £billions! The Government seems ill-informed in developing a fair and equitable long term road user plan. Increasing fiscal exposure to catastrophic risks” say OBR. They warn the Government on the Cost of going Green. 27 Here are pertinent extracts from their latest ‘Fiscal risks report’. As we emerge from the largest peacetime economic and fiscal shock in three centuries, our third Fiscal risks report (FRR) departs from the encyclopaedic approach of our previous two and shifts focus onto three sources of potentially very large fiscal risks: the coronavirus pandemic, climate change , and the cost of government debt. These three risks are very different in nature, but nevertheless have some important features in common. There is a high degree of uncertainty concerning both their timing and associated costs. They are characterised by non-linearities or ‘snowball effects’ in which costs can escalate dramatically from the point of crystallisation. And they are global in nature, with the potential for rapid contagion across countries. Over half of petrol and diesel drivers thinks it is only fair cyclists should contribute a tax payment to using roads.