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Car tax changes need to be measured and sensible warn motoring experts

They say this phasing in scheme would help drive down emissions between the medium to long term”. UKERC spokesman Professor Rob Gross said: “You might think that people not buying cars is a good thing for the environment. “But it’s not a good thing if they delay buying a relatively inefficient car, and that car is still being used for longer. “Every gram of CO2 that enters the atmosphere stays there, potentially for hundreds of years.” READ MORE Mr Buttle also attacked the new scheme just before Christmas as he warned the new 50 percent purchase tax seems “unreasonably high”.

Car tax changes: New petrol and diesel vehicles may be hit with new 50 percent tax fee

The report added: “Setting a clear, phased approach would provide motor manufacturers with market certainty as consumers are steered towards greener vehicles. “If implemented early, it may also buy time beyond 2030, potentially allowing for the phase-out date to be pushed a little further, thus alleviating some manufacturers’ concerns that they cannot transition in time.” The UKERC carries out research into sustainable future energy systems and researches challenges and opportunities presented by the transition to net-zero.  Data from the Society of Motor Manufacturers and Traders (SMMT) shows electric car sales have soared in 2020. READ MORE Sales of battery electric vehicles have risen by 177.7 percent over the past year as petrol and diesel sales fell.

Calls for 50 per cent tax on polluting cars to encourage electric vehicles sales

Calls for 50 per cent tax on polluting cars to encourage electric vehicles sales PA 18 December 2020, 10:38 am The most polluting cars should be sold with a 50 per cent tax to encourage motorists to switch to electric vehicles, according to a sustainable energy research organisation. The UK Energy Research Centre (UKERC) has warned that the coronavirus pandemic has altered people s buying habits as they put off buying a cleaner, new car or try to find better value for money. With electric vehicles typically being more expensive at the point of purchase, this could impact sales. Irish Budget The UKERC predicts there will be an extra one million diesel cars on the road in 2025, and suggests there would be 4.7 million fewer diesels between 2020 and 2030 if the pandemic had not happened.

Treasury says switch to electric cars will leave a hole in tax revenues

Is road pricing looming? Treasury says switch to electric cars will leave a hole in tax revenues and it is considering how to offset lost income Treasury says in latest Net Zero Emission review that it faces a fiscal black hole from lost revenues generated from drivers through vehicle and fuel taxes It says government will need to consider how to offset these lost tax revenues This could be achieved through adjustments to other taxes or reductions in government spending Rishi Sunak is reportedly in favour of a pay-as-you-drive road pricing scheme The UK Energy Research Centre has proposed higher purchase taxes on new petrol and diesel cars in the lead-up to the ban on petrol and diesel sales in 2030

Treasury says move to electric cars will leave a hole in tax revenues

Treasury says move to electric cars will leave a hole in tax revenues Rob Hull For Thisismoney.co.uk © Provided by This Is Money MailOnline logo The Treasury has said it must consider how to offset a fiscal black hole from lost tax income when drivers transition to electric vehicles in its latest report. It said it will be forced to increase other taxes or cut funding for services to compensate for the loss in taxes on polluting cars as well as fuel duty.  The report comes admit reports that Rishi Sunak is reportedly in favour of a road pricing scheme, which could see motorists charged for every mile they drive.

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