Not really thrilled for multiple reasons:
1) it never gets cheaper, BS!! government wants more money always, never less. There will be some kind of gas guzzler/CO2 emissions thing incorporated with this, possibly leading to having to pay 20 cents a KM or so...mark my words!
2) They will scrap the insane ~45% tax on new cars, Well, they sure are going to get that money elsewhere, they will invent a new tax.
3) Setting up and maintaining this system, if it ever becomes operational (operating acceptable) it's going to cost shitloads and they will need even more civil servants to maintain and operate it...just what we need even more leeches..err...I mean civil servants
4) Big Brother. Like everything we have been lied to about in the recent past (like the personal healthcare insurance that would make it so much better, ended up making everything worse and costing 400% more than the old system) it's all meant to increase control. They will know where you are all of the time. We already have the most phone taps of any country in the world, they already trace our cell phones, our medical files are online available to about everyone (incl. insurance companies)...they will probably automatically start sending tickets for speeding and what not.
Our country is becoming worse than East Germany or Russia ever were, no other country probably has this level of privacy infringement.