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Perhaps the old method of collecting road related taxes needs to be revamped for modern times?
The gov't could try to make up for the lost revenue by increasing fuel taxes, but that would further reduce the amount of fuel consumption (and further decrease revenue). This would have the effect of promoting fuel efficient vehicles, or even electrics.
They could also stop taxing fuel and instead charge a fee based on the distance driven by each vehicle. I imagine this would encourage a lot of cheating in the way of modifying odometer readings.
Does this latest figure point to a near-future peak oil for the UK?
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