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UK Government Pre-Budget Report Offers Tax Exemptions for EVs, £30M in Additional Support for Low-Carbon Vehicles; Annual Fuel Tax Increases and End of Duty Differential for Biofuels

Green Car Congress

In the Pre-Budget Report (PBR) released on 9 December, UK Chancellor Alistair Darling announced that all electric cars will be exempt from Company Car Tax (CCT) for 5 years and electric vans will be exempt from Van Benefit Charge (VBC) for the same period. The PBR also has news of an additional £30 million (US$48.5 Earlier post.).

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New UK Report Welcomes Moves to Promote Green Cars but Stresses Importance of Policies to Reduce Car Use

Green Car Congress

It also discusses fuel taxes and prices, which affect both travel and vehicle choices. Relatively low elasticity of demand for fuel suggests that the impact of fuel tax increases may be limited in the short run. But there is a bigger picture. Robert Gross, lead author. Rebound effects need to be addressed.

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How the Budget affects green car drivers

Green Cars News

At the same time, however, Mr Darling has announced a two pence per litre increase on fuel duty which will apply from September this year. The increase has been dubbed a “tax of the many&# by Conservative Party leader David Cameron. There are encouraging signs for people struggling to buy new cars too.

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Automotive Market Research Perspectives on Selling Green in a Try-to-Survive Market

Green Car Congress

The role of emotion in buying cars. Would you buy this vehicle? Miller adds “ In the US we’ve had customers talk about the Prius ‘badge of honor’, in Europe the strongest reason for buying a Prius was to make a statement about ‘the effort to do something else. by Bill Cooke.

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