British motorists are adopting electric cars much more quickly than expected, leaving a growing gap in the £32 billion ($39.7 billion) a year the Treasury collects from fuel duties. The Resolution Foundation proposed a “road duty” charged on every mile EVs drive to make up for the shortfall, which it estimates will cost the public purse £10 billion a year by the end of the decade. The findings underscore the challenges involved with transitioning the economy away from fossil fuels and toward technologies compatible with the “net zero” emissions goal backed by Prime Minister Rishi Sunak’s government and the Labour ... (full story)