Australian motorists paid $19.68 billion in fuel excise tax in the 2019 financial year, but the forecast growth of electric cars creates the potential for a budgetary black hole. With the Electric Vehicle Council predicting 50 per cent of new cars sold in 2035 will be electric, EVC CEO Behyad Jafari says governments will need to reform the way that revenue used for roads is collected. From The New Daily:
That challenge is not the move to EV in itself, rather the multibillion-dollar black hole that it threatens to create.
Consider these figures: In the 2019 financial year, Australian motorists paid $19.68 billion in fuel excise tax, pouring into government coffers at 40.9 cents a litre…
