Motorists in future might have to pay a separate amount to fund the Road Accident Fund RAF when they first buy and annually renew their vehicle licence disc.
Minister of Transport Barbara Creecy confirmed during an exclusive interview with Moneyweb on Monday that the Department of Transport DoT believes it needs to introduce a vehicle owner contributory scheme - apart from introducing the no-fault system and a standard schedule of benefits.
RAF fundingShe said the first is the increased uptake of electric vehicles by consumers, as the current RAF funding model is a levy on petrol prices.
