12-12-2022, 03:27 PM
Rachel Millard
Sun, 11 December 2022 at 7:11 pm
......
Up until recently, electric cars were exempt from road tax and fuel duty. The incentive helped drive uptake of the vehicles
......
On average, electric vehicle running costs are currently estimated to be £528 cheaper than for petrol cars.
Last month, chancellor Jeremy Hunt punctured the first hole in the cars’ tax-exempt bubble, announcing that electric cars, vans and motorbikes will pay vehicle excise duty (VED) from April 2025.
......
The move is expected to raise £515m in 2025-26, increasing to £1.6bn in 2027-28. Yet it is unlikely to be the final word in taxing electric cars, with state coffers also facing a major hit due to the loss of fuel duty as petrol and diesel cars are phased out.
Fuel duty raised about £26bn per year but this is predicted to fall to below £5bn by the 2040s.
Some form of road pricing – where motorists pay a charge for the miles they drive – has been on the agenda for years. It is now gaining extra attention as a replacement to fuel duty given the looming ban on new petrol and diesel cars from 2030.
......
Road-pricing is seen as a chance to tackle congestion by, for example, charging drivers more to travel on busy roads during rush hour.
https://sg.style.yahoo.com/why-running-e...12199.html
Sun, 11 December 2022 at 7:11 pm
......
Up until recently, electric cars were exempt from road tax and fuel duty. The incentive helped drive uptake of the vehicles
......
On average, electric vehicle running costs are currently estimated to be £528 cheaper than for petrol cars.
Last month, chancellor Jeremy Hunt punctured the first hole in the cars’ tax-exempt bubble, announcing that electric cars, vans and motorbikes will pay vehicle excise duty (VED) from April 2025.
......
The move is expected to raise £515m in 2025-26, increasing to £1.6bn in 2027-28. Yet it is unlikely to be the final word in taxing electric cars, with state coffers also facing a major hit due to the loss of fuel duty as petrol and diesel cars are phased out.
Fuel duty raised about £26bn per year but this is predicted to fall to below £5bn by the 2040s.
Some form of road pricing – where motorists pay a charge for the miles they drive – has been on the agenda for years. It is now gaining extra attention as a replacement to fuel duty given the looming ban on new petrol and diesel cars from 2030.
......
Road-pricing is seen as a chance to tackle congestion by, for example, charging drivers more to travel on busy roads during rush hour.
https://sg.style.yahoo.com/why-running-e...12199.html