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A £900m dash for greener gas: Ministers unveil blueprint for a hydrogen revolution

A £900m dash for greener gas: Ministers unveil blueprint for a hydrogen revolution
thisismoney.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisismoney.co.uk Daily Mail and Mail on Sunday newspapers.

Car tax changes need to be measured and sensible warn motoring experts

They say this phasing in scheme would help drive down emissions between the medium to long term”. UKERC spokesman Professor Rob Gross said: “You might think that people not buying cars is a good thing for the environment. “But it’s not a good thing if they delay buying a relatively inefficient car, and that car is still being used for longer. “Every gram of CO2 that enters the atmosphere stays there, potentially for hundreds of years.” READ MORE Mr Buttle also attacked the new scheme just before Christmas as he warned the new 50 percent purchase tax seems “unreasonably high”.

Treasury says switch to electric cars will leave a hole in tax revenues

Is road pricing looming? Treasury says switch to electric cars will leave a hole in tax revenues and it is considering how to offset lost income Treasury says in latest Net Zero Emission review that it faces a fiscal black hole from lost revenues generated from drivers through vehicle and fuel taxes It says government will need to consider how to offset these lost tax revenues This could be achieved through adjustments to other taxes or reductions in government spending Rishi Sunak is reportedly in favour of a pay-as-you-drive road pricing scheme The UK Energy Research Centre has proposed higher purchase taxes on new petrol and diesel cars in the lead-up to the ban on petrol and diesel sales in 2030

Treasury says move to electric cars will leave a hole in tax revenues

Treasury says move to electric cars will leave a hole in tax revenues Rob Hull For Thisismoney.co.uk © Provided by This Is Money MailOnline logo The Treasury has said it must consider how to offset a fiscal black hole from lost tax income when drivers transition to electric vehicles in its latest report. It said it will be forced to increase other taxes or cut funding for services to compensate for the loss in taxes on polluting cars as well as fuel duty.  The report comes admit reports that Rishi Sunak is reportedly in favour of a road pricing scheme, which could see motorists charged for every mile they drive.

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