The Independent emphasizes the significance of on-ground reporting amidst critical US issues, from reproductive rights to climate change. They highlight the impending changes in vehicle excise duty (VED) impacting electric vehicles (EVs), effective April 1, 2023. These changes remove the VED exemption for EVs, requiring all owners to pay the standard rate, with added costs for luxury cars above $40,000. This policy, initially aimed to establish a fairer tax system, has raised concerns about hindering EV adoption, with calls for a reconsideration of its timing to support transition efforts effectively.
Electric car buyers are three times more likely to be hit by the luxury car tax compared to petrol or diesel drivers under new vehicle excise duty (VED) rules.
The changes aim to create a 'fairer' motoring tax system, a policy continued by the current Labour government.
The findings have prompted calls for a delay in the VED overhaul, with concerns raised about deterring the switch to electric vehicles.
From April 1, the Treasury will end the VED exemption for electric vehicles (EVs), meaning all EV owners will pay at least the standard rate.
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