The Impact of Climate Change and Technology on Transportation Tax
Remarks from TPEX consultancy for decision makers.
From Self-Driving Cars to Renewable Power, Can Governments Keep Up with the Road Ahead?
Written SH on 2024-09-05.
Concerns about climate change, along with rapid advances in technology, continue to cause significant disruptions across various sectors. These issues are changing economies, affecting daily life, and challenging established ways of doing things, making it necessary to find ways to adapt and reduce their impact.
The transportation sector is likely to experience increasing levels of disruption, affecting both individual travel and the movement of goods. Innovations in electric vehicles, autonomous driving technology, and alternative fuels are reshaping how transportation systems operate, presenting both opportunities and challenges for future development.
These disruptions create multiple challenges, not only for infrastructure and accessibility but also for government finances. The need to improve existing systems, invest in sustainable options, and manage the economic impact of these changes will demand significant financial resources and careful planning by public authorities.
As petrol and diesel are phased out, the money raised by fuel tax is declining – not helped by fuel duty having been frozen for over a decade – and vehicle excise duty is no longer fit for purpose. We advocate replacing both with a pay-as-you-drive scheme based on how far you travel and the pollution you cause.Campaign for Better Transport, 2024. Cars. Available at: https://bettertransport.org.uk/better-transport/cars/ online.
We would agree with this application, especially in light of the requirement to aim towards electrical abundance from renewable sources which would undermine revenue models based on electrical cost.
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References
Campaign for Better Transport, 2024. Cars. Available at: https://bettertransport.org.uk/better-transport/cars/URL.
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