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The Chancellor is said to be considering a pay per mile scheme (Image: Getty)
He warned consumer costs could rocket under the updates as he demanded clarity from the Government on any updates.
He said: “Over the coming months and years, people will be making car-buying decisions that will be affected when whichever new tax or taxes are introduced to plug the gap lost from Fuel Duty, Vehicle Excise Duty and VAT.
“I’d now like to ask the Government to outline what approach it will be taking with regards to electric vehicle taxation given how quickly EV ownership has progressed in the last few years, and how quickly it will continue to evolve.
Tom Banse / Northwest News Network
Washington state senators have teed up a mileage-based tax for electric and plug-in hybrid vehicles as the first step toward changing how the state pays for road maintenance and other transportation needs. Policymakers expect gas tax revenue to decline long term. Oregon has been experimenting with a per-mile charge for years.
Right now, Washingtonians who own fully electric cars pay an extra $225 annual registration fee. A proposal by state Sen. Rebecca Saldaña (D-Seattle) would replace that flat fee beginning in July 2026 with a mandatory 2 cents per mile road usage charge for electric cars and plug-in hybrids.
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Speaking exclusively to Express.co.uk, Howard Cox said: “At a reported 75p per mile, will cost a family petrol car driver an eye-gouging £6,500 more than they annually pay now in Fuel Duty and VAT (this does not include VED changes).”
The Treasury is considering a new pay per mile system to help fill a £40billion gap in public finances caused by the switch to electric cars.
The Government will lose revenue generated by VED and fuel duty which is not paid by electric cars.
When asked about a possible introduction of a pay per mile scheme, the Department for Transport said they will “ensure” motoring taxes keeps pace with changes on the road.