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With gas phase-out in view, Europe could lose $160 billion in fuel taxes

Teslarati

With Europe’s gas phase-out plans now within view, the countries there could be set to lose significant funding from fuel taxes in the coming years. Still, the change could have some latent effects, especially as most countries get crucial revenue from taxes on gas. What about in other countries?

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UK has reached 1 million BEVs, but incentives still recommended: SMMT

Teslarati

The United Kingdom (UK) has surpassed an important milestone for battery-electric vehicle (BEV) sales, now reaching over one million BEVs on the country’s roads. “Market growth is currently dependent on businesses and fleets.” ” The report notes that the new car market as a whole grew 8.2

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U.K. based battery producer Britishvolt collapses ahead of production

Teslarati

As many companies and governments alike have rushed to establish battery production locations, many in the United Kingdom had hoped that its domestic Britishvolt battery producer would be their answer to Tesla in the United States, Northvolt in Sweden, LG in South Korea, Power Co. in Germany, and countless others.

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Hyundai Offering Free Chargers to EV Buyers, Swelling Industry Incentives

The Truth About Cars

That makes the $33,550 (before any federal tax credits or state incentives) Kona Electric the most affordable way to take advantage of the deal. But you’ll still have to find someone to install the unit into your home, to which the manufacturer has offered a $600 credit toward installation.

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ACEA: data show EU market for electric cars highly fragmented; need for inclusive measures

Green Car Congress

Affordability is clearly a major barrier. ECV Units sold. United Kingdom. ECV Units sold. Many of the new EU member states with a low ECV market share merely offer an exemption from the annual circulation tax for electric vehicles. —ACEA Secretary General Erik Jonnaert. GDP per capita.

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Tax exemption for EV purchases and non-financial support remain in place, after an extension, as the automotive industry is seen as one of the key drivers of economic growth. Around 25% of all cars sold in France and the United Kingdom were electric, 30% in the Netherlands, and 60% in Sweden.

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Driving Dystopia: Europe’s Low Emission Zones Aren't Going Over Well

The Truth About Cars

Ultra Low Emission Zones (ULEZ) seem to be the next step, as they’re reliant on the same camera systems and vehicle tracking used for congestion taxes. Upper classes can easily afford the kind of fines London has been spinning up. However, they’re also following a similar trajectory as Britain's speed cameras in Europe.

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