The 2030 Diesel/Petrol Ban will cost at least 5 times the alleged environmental benefits Key Findings in a Pioneering Cebr Economic Report Sanctioned by the FairFuelUK APPG for Motorists and Hauliers, & fully funded by The Alliance of British Drivers and The Motorcycle Action Group: • The environmental benefits from the proposed 2030 bans are dwarfed by the considerably additional costs. • Environmental benefits from the 2030 ban add-up to £76 billion. In contrast, the assessed costs add up to £400 billion. • These costs are FIVE times the benefits; even after using the government’s own valuations of the alleged unproven environmental benefits. • There is likely to be a loss of tax revenue of £5.8 billion per annum (£2.7 billion when discounted to 2022 base year terms), on average, in the scenario of a ban in comparison to a no-ban scenario, as fuel duty and VAT dwindle away. • From the perspective of the average household, these additional costs over the period 2022 to 2050 amount to £27,400 or just under £1,000 per household per year from 2022 until 2050. • Even the overall environmental benefits from the 2030 ban are rather lower than might be assumed since approximately 50% of any reductions in emissions from usage are likely to be offset by increased emissions in EV production. • Furthermore, this analysis does not take account of the likely increased emissions and other social costs from the massive increase in mining likely to be required by EVs. These extra emissions will be transnational in nature. Craig McKinlay MP, Chair of the FairFuelUK APPG and Net Zero Scrutiny Group says: "This in-depth study from the CEBR shows unequivocally that the costs of the proposed ban on petrol and diesel vehicles would be many times the benefits. Strikingly, even when using the Government's own methodology on carbon pricing, the study finds that the costs are a staggering five times the estimated benefits. Other reports show the CO2 savings of electric vehicles are limited, not to mention the reality of the limited supply of the elements required for batteries largely under Chinese control and the human misery associated with the mining process. No policy can be justified which has such an unbalanced ratio of costs to benefits, under a range of different assumptions. I really hope the Government will study these results carefully and abandon a policy that can only leave people worse off.” MP, Karl McCartney, Member of the Transport Select Committee, says: “Some of our overzealous colleagues in Parliament have devoutly followed the 2030/2050 ‘Net Zero’ mantra like lemmings. They should watch ‘The Big Reset’, it will blow their minds. This report very firmly puts them and the civil servants and ‘green’ lobby on notice that there is a vast and terrible economic cost, for both our Country and every individual who lives here, to achieve their unrealistic aims. I say unrealistic as some of us have been pilloried and castigated for speaking out, and pointing out their fallacies. Just one example: There are 35m + vehicles in the UK. They cannot be ‘removed’ nor replaced by expensive electric vehicles: there is not enough raw materials for the batteries required in the world, nor is there the power generation capacity available, nor is there the infrastructure to deliver such power requirements daily(nightly), or weekly, to the required number of individual vehicles, even if such power could be generated. There will still be ICE vehicles on land, sea and air, and maybe alternatives to fossil fuels might be a route to follow, with synthetic fuels maybe being a part of the solution of how we transport ourselves, foods, goods and materials around after 2930/2050. As a Country we need to support personal choice and vehicle autonomy: the vast majority of my constituents will never contemplate the economic lunacy of an electric vehicle. A new vehicle to them and their family is the equivalent of an average 8 yr old ICE Ford Mondeo. The self-appointed metropolitan elite need to extricate their heads and wake up to the detrimental costs to our nation’s people and economy of what they have been led to believe, and have given their tacit support too, and drive back to the reality checked side of the UK road.” Veteran Tory MP, Sir John Redwood says: "Banning new ICE vehicles will destroy jobs and investment in the UK . It says the UK is against the vehicle industry and personal transport choice. New electric cars produce a lot more CO2 in their manufacture and are usually dearer than ICE. We are short of battery manufacturing and lack easy access to materials needed for batteries." Labour MP, Graham Stringer says: “The assessed cost of the planned ban on petrol and diesel vehicles is a staggering £400 billion, over five times the expected benefits. It has been disappointing to see the Government push ahead with this damaging policy, showing very little sensitivity to the damage it is likely to do. The automotive industry is already struggling and this report paints a bleak picture of the likely impact of the ban. An alternative approach cannot come quickly enough.” Continued...
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