Video by Go Green Autos via YouTube
Source
Full video https://youtu.be/ATOuNv9akSA
Now that EV owners will be paying VED (road tax) from April 2025 and new car buyers will be clobbered with the ridiculous "luxury car supplement" also, the Government have taken away one of the cost advantages which may put some people off choosing zero emission vehicle. The Government is now considering offering low interest or even zero interest loans to stimulate private electric car sales. All other subsidies, grants or incentives have previously ended and they’re obviously looking at ways to meet their ZEV mandate targets.
In the full video, I suggest another way. That would be to cut VAT on new zero emission vehicles. That cut could be a cut to 0% VAT and I look at the costs of that in this video. But it could be to 10% or 5% and it will probably have similar results. Changing the VAT rate is very easy to implement and costs the Government nothing to administer as the car dealers are the tax collectors.
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