"One of the massive benefits to driving an electric vehicle was that it was far cheaper to run than a petrol or diesel car, but a pay-per-mile tax risks eliminating that advantage, which could make drivers think twice about switching any time soon. It's almost sending mixed messages. We want people to switch to electric cars but they're dealing with limited charging infrastructure and other rising costs which can leave them questioning whether it's even worth it."
"A pay-per-mile tax could unfortunately, slow down the progress of the government's net zero goals. Lower running costs were a huge part of the incentive for going electric. Taking that away risks stalling the momentum we have built by giving people confidence in electric vehicles. As a leasing company, we've been seeing more drivers express their interests in electr"
The chancellor plans to introduce a pay-per-mile tax for electric vehicles, charging EV drivers 3p per mile and hybrids a slightly lower rate. The policy aims to make up for reduced fuel duty revenue as EV uptake increases. Implementation is not expected until 2028. EV drivers have faced rising costs including higher insurance premiums, the introduction of Vehicle Excise Duty road tax, and increased home charging costs. Concerns exist that removing the significant running-cost advantage of EVs could deter adoption, undermine confidence amid limited charging infrastructure, and slow progress toward the government's net zero targets.
Read at London Business News | Londonlovesbusiness.com
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