Boris Johnson, London’s mayor and the replacement to Ken Livingstone, has scrapped the plan to triple the city's controversial congestion charge on heavier-emissions vehicles.

Widespread public and corporate opposition and an estimated £123 million cost have posed strong arguments against the increased congestion charge, as has the result of the Mayoral election itself, which many considered a referendum on the charge.

The end to the planned rise will save small businesses and families hundreds or even thousands of pounds per year.

Plans had been put in place by Livingstone to see the daily c-charge upped to £25 ($45) in October, but Johnson's action upheld a campaign promise to keep the rise from going into place, reports Bloomberg.

"I am delighted that we have been able to scrap the £25 charge, which would have hit families and small businesses hardest," said Johnson. The rise would have applied to cars that emit more than 225g/km CO2.

The news of the repeal follows Johnson’s confirmation that he would not be expanding the measure into the capital city’s suburbs. Nevertheless, the Mayor is still committed to enhancing walking and bicycling throughout the city. “I am not going to be having any more congestion charges,” said Johnson, according to Pistonheads. “What I am determined to make happen is a modal shift towards bicycling and walking, not just in inner London but also in outer London.”

Coinciding with news that the congestion charge won’t be increased, Porsche has announced a formal victory in its legal campaign to prevent the increase. The Administrative Court in London has quashed the increase to the charge and awarded Porsche legal costs - expected to be a six figure sum. The sports carmaker plans to donate the payout to Skidz, a charity to help get youths off the streets.