Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps he is taking to (a) plan for and (b) manage the decline in fuel duty revenues as the UK increases the use of electric vehicles.
Fuel duty will continue to play an important role in the tax system in the short and medium term. Last year the Government raised about £700 billion across all taxes, levies and duties; of which £28 billion was raised from fuel duty.
Technology is changing many aspects of the economy, including vehicles, and the Government is considering how the tax system will need to adapt to manage those changes.