COPENHAGEN: A rapid switch to electric cars to meet Denmark's ambitious climate targets will leave a massive gap in its finances, a government commission said on Monday .
In March, the Danish Council on Climate Change, an independent advisor to the Danish government, said the number of electric cars should rise to at least 1 million by 2030 from less than 20,000 now in order to meet the targets. Increasing the number of electric cars to 1 million through raised subsidies and higher taxes on fossil-fuelled cars would result in a total net loss to society of 5.7 billion crowns in 2030, the commission said.Under the current tax system, proceeds from car and road taxes are already set to drop by 10 billion crowns each year in 2030, it said.
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