Cebr Analysis of 2030 Ban

33  Centre for Economics and Business Research Table 11: Differences vs. core results – Petrol, diesel, and electricity price shock sensitivity test (£Bn) Environmental impacts Total Car Motorbike LGV HGV CO2e, driving emissions 0.7 0.6 0.0 0.2 0.0 Air quality emissions 0.1 0.1 0.0 0.0 0.0 CO2e, vehicle manufacture -0.1 -0.1 0.0 0.0 0.0 Value of time impacts Total Car Motorbike LGV HGV Time spent refuelling/recharging -0.5 -0.4 0.0 -0.1 0.0 Tax revenue impacts Total Car Motorbike LGV HGV Fuel Duty -0.7 -0.6 0.0 -0.2 0.0 VAT on fuel -5.7 -3.7 -0.1 -1.5 -0.4 Household/business spending Total Car Motorbike LGV HGV Fuel -29.3 -13.4 -0.2 -11.9 -3.8 Fuel (resource cost only) -35.7 -17.6 -0.3 -13.5 -4.3 New vehicles 1.4 1.3 0.0 0.1 0.0 Infrastructure impacts Total Car Motorbike LGV HGV Investment Costs 4.2 n/a n/a n/a n/a Petrol and diesel prices This significantly increases the savings to consumers from operating electric vehicles – their operating costs have not increased but petrol and diesel are drastically more expensive. Table 12: Headline results – Petrol and diesel price shock sensitivity test (£Bn) Environmental impacts Total Car Motorbike LGV HGV CO2e, driving emissions 65.4 38.3 0.7 19.9 6.5 Air quality emissions 11.3 4.6 0.1 5.7 0.9 CO2e, vehicle manufacture -32.6 -21.6 -1.1 -8.9 -1.1 Value of time impacts Total Car Motorbike LGV HGV Time spent refuelling/recharging -47.0 -26.0 -0.4 -13.0 -7.5 Tax revenue impacts Total Car Motorbike LGV HGV Fuel Duty -60.2 -36.5 -0.7 -17.7 -5.3 VAT on fuel -27.1 -16.6 -0.3 -7.8 -2.3 Household/business spending Total Car Motorbike LGV HGV Fuel 100.0 64.8 1.2 26.4 7.6 Fuel (resource cost only) 12.7 11.7 0.3 0.8 -0.1 New vehicles -186.4 -96.7 -7.2 -67.1 -15.4 Infrastructure impacts Total Car Motorbike LGV HGV Investment Costs -94.3 n/a n/a n/a n/a

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