Government must consider how it will fill 'hole in the exchequer' caused by electric vehicles 

Irish Fiscal Advisory Council says extra expenditure needs to be financed through 'sustainable means that are going to stick around'

Loss of revenue from fuel will leave a 'hole in the exchequer'. File picture

The Government needs to consider how it will fill a “hole in the exchequer” caused by an increase in electric vehicles (EVs) on Irish roads, the Irish Fiscal Advisory Council (Ifac) has warned.

This, Ifac’s associate research Professor Karina Doorley said, should include considering “other options”, including increased “consumption taxes, income taxes, social insurance contributions, and wealth taxes”.