3 ms·
A road or car tax doesn’t have to go away just because the car is electric no? Am I missing something? As for the fuel tax, why not make up for it with an incr
by throwawayacc2 4y ago
A road or car tax doesn’t have to go away just because the car is electric no? Am I missing something?
As for the fuel tax, why not make up for it with an increase in car tax once sufficient adoption is reached? Once 80% of cars are electric, the car tax increases by an amount required to make up for the average revenue from fuel. At that point, electric cars pay just a high car tax and fossil fuel cars pay both the high car tax and the fuel duty, further incentiveiseing the switch to electric.
Am I missing something? What would be the issues with this approach?
- fdsafdsfdsa 4y agoVED (Vehicle Exercise Duty), as it is currently known, is now based on emissions. It would be a hard sell to undo that, and base it on something else (like vehicle weight/size/etc). The most acceptable way to tax EVs at this point is probably taxing at the charging point.
- infogulch 4y agoAdd an additional VED component for road damage, which is vehicle miles times the fourth power of axle load.
- fdsafdsfdsa 4y agoThere isn't a way to do that without HGVs (heavy goods vehicles) paying practically all of the annual VED. It's pretty clear that "smart chargers" will become "smart tax revenue generators" in the near future.