We have a useful reminder that electric cars aren't going to be quite the economic saviour some seem to think. For the current system of fossil fuel use adds near £30 billion a year to the government's tax collections. Electric cars are only even potentially cheaper than fossil fuel powered if the power is untaxed, or at least untaxed at these levels. As we know very well that's just not going to happen is it, the Treasury going empty handed? Sadly, absolutely none of the analyses of the costs and or benefits of electric cars manage to contain or explain this thorny little problem.

Source: Forbes July 29, 2017 09:22 UTC