The cash cow will be genetically modified to continue as a massive source of tax revenue. As one method of tax reduces so will others increase/ be invented to compensate.
From what I remember, transport tax revenue subsidises more than directly related spending.
It was thus with Tobacco Duty where it took a long time for revenue to start dropping after taxes increased. The fewer smokers continued to generate revenue. It hit a plateau and then started falling.
The switch from ICE to EV is unlikely to meet the political schedule. Too expensive to buy, charging infrastructure not ready etc
I wonder when the Hydrogen power source will kick in, possibly making EV less attractive. JCB are developing H engines as EV versions are impractical.
Last edited by sospan; 15/06/22 03:55 PM.
