Treasury to lose £2bn more than expected in annual tax by 2026, as electric cars take over

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Treasury to lose £2bn more than expected in annual tax by 2026, as electric cars take over
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The Treasury will receive £2.1 billion less in tax receipts per year by 2026 than was previously calculated

A quicker than expected uptake of electric vehicles means the Treasury will receive £2.1 billion less in tax receipts per year by 2026 than was previously calculated.

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