Boris Johnson’s green gamble on ending the sale of petrol and diesel cars by 2030 is high risk. It could see a consumer revolt against high prices or a failure to deliver enough charging points and the right cars.
The switchover to electric is an engineering project that dwarfs HS2. Upgrading our abysmal charging network will cost £100bn or more. There are further public sector costs — such as adding a charger on every street parking space so people without driveways are not cut out of the electric future.
Road charges are a near certainty as a way of replacing the £28bn now collected in diesel and petrol duty. People who still have oil-powered cars in 2030 will see their value drop to near zero.