Fuel taxes are set to be replaced by road user charges for all vehicles - and it's left many wondering how these changes will be implemented.
Eroad has welcomed this development, and their share price has risen in the hours since Transport Minister Chris Bishop made this announcement.
Eroad co-CEO Mark Heine says the company's been making use of electronic road user charges (eRUC) for years and says the technology's there to get this going.
"We're still working through with the Government for the pricing for that, but our target is to get it as cheap as possible."
LISTEN ABOVE
- How Govt is preparing to ditch the petrol tax and move all cars to road user charges
- Transport Minister reveals why the Government's looking to axe fuel taxes
- How would the swap to Road User Charges be implemented?
- Perspective with Heather du Plessis-Allan: How will RUCs change our driving behaviours?
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