(27 Nov 2021, 12:34 pm)IRHardy wrote TfL also revealed that it expects to generate far less money than anticipated from the expansion of the ultra-low emission zone because more drivers than expected have switched to cleaner cars to evade the £12.50 levy. It was expected to generate up to £2m a day (£730m a year) but that has been downgraded to £600m over three years instead of £2190m. Therefore is a hole in the TfL budget of £1590m over 3 years.
So TfL and the mayor expected the ULEZ to be a money making scheme, with people not being bothered about the environment but it has backfired as people instead have decided that emissions are a bad thing and have decided to get newer vehicles.
TfL & the mayor couldn't run a bath, and we are stuck with the current mayor of London for another few years.
If more people have switched, hasn't the introduction of a scheme done its job? It's not about making money; its about reducing harmful emissions, which needs to happen right across the globe.
Wasn't ULEZ introduced by the previous Mayor, and the same politician who's Government is now starving TfL of funding? It's going the same way as every other public service; starved of funding, asset stripped and left to rot. No other underground network relies so heavily on fares vs taxes/subsidies. Even in New York, its about 2/3 subsidies, compared to 1/4 in London.