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Dynamic road pricing and the UK's 'roads trilemma'
- 1. The Government wants to improve the roads network… The Government’s latest road investment plan: Start or complete £14.7bn of upgrades, including the Lower Thames Crossing Begin planning 32 more projects – half of which by value are in the North and Midlands Transform our roads with the biggest roads project of the 21st century – the Lower Thames Crossing – and the biggest ever environmental improvement – the Stonehenge Tunnel Source: Department for transport £2.3bn £1.5bn £2.2bn £4.5bn LTC £6.4-£8.2bn
- 2. …and also lower its carbon footprint. UK domestic transport GHG emissions from selected sources 1990 to 2018. 0 10 20 30 40 50 60 70 80 90 MtCO2 e 1990 2000 2010 2018 Source: Department for transport Cars Heavy Goods Vans Dom. Shipping Bus Rail
- 3. Low emission vehicles help make the roads greener… Accelerating the shift to zero emission vehicles could deliver... Realising carbon savings of around 300 MtCO2e to 2050 Thousands more ultra-low and zero- emission cars and vans on UK roads, supported by additional funding for plug in vehicle grants Thousands more charge points in homes, workplaces, in residential streets and along motorways and major A roads Support for around 40,000 new jobs in 2030 Around £3bn of private investment by 2026 Savings of around 5 MtCO2e to 2032 and 300 MtCO2e to 2050 Policy impacts
- 4. …yet they also threaten existing tax revenues… A ban on the sale of new petrol and diesel vehicles has been brought forward from 2035 to 2030, as announced by the Prime Minister on 18 November. Hybrid cars will remain on sale until 2035, after which all new cars must be zero emissions. There is insufficient detail on implementation and enforcement to score the fiscal impacts at this time, but it is highly likely to reduce VED and fuel duty receipts. Office for Budget Responsibility, Economic and fiscal outlook, November 2020
- 5. …at a time when Government is already borrowing heavily. 0% 5% 10% 15% 20% 25% 2005/6 2010/11 2015/16 2020/21 Budget deficit, % of GDP Outturn OBR forecasts Downside Central Upside
- 6. This leaves Government with a roads trilemma. Decarbonising the road network Boosting connectivity Maintaining motoring tax revenue
- 7. So it’s unsurprising Government is said to be looking again at road pricing.
- 8. m6toll.co.uk twitter.com/M6tollRoad facebook.com/M6tollRoad Find out more about M6toll and Midland Expressway please visit: