From Forbes.com…..
Right now, everyone is talking about the need for incentives to help everyone switch to electric cars. The recent UK announcement of a ban on new petrol and diesel car sales by 2030 has been top of the conversation in Britain. But there was also the announcement of the ZETA lobby group with similar intentions in the USA and the European Green Deal was in the news over the summer. One thing that hasn’t been so much discussed, however, is just how much money will be lost when nobody is buying fossil fuel for their vehicles anymore. It will be a big hole in public revenue and will cause a change in the currently very benign tax regimes towards electrification.
