Fuel Duty Black Hole Will Mushroom

SHUTTERSTOCK.

The Chartered Institute of Logistics and Transport UK (CILT UK) is urging the government to start talks with experts to tackle the impending black hole in income from fuel duty, writes Carol Millett, which is set to get deeper with the increasing shift towards electric vehicles.

This comes on the back of a new report titled Paying for Roads, which includes recommendations from experts within CILT UK in line with concerns and views expressed by the sector and its members.

The government currently generates £28bn annually (2023/24) from fuel duty – some of which is used to repair and improve roads. But as the shift towards electric vehicles rises, this income is beginning to decline.

The report recommends that the government sow the seeds of change by consulting with a wide body of industry experts and key stakeholders.

Share this story