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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

Other elements of the PBR to support lower-carbon transportation include: The PBR 2009 confirms that—as announced at Budget 2009fuel duty will increase by one penny per liter (US$0.06 The 2009 Pre-Budget Report announces that the duty differential will continue for biofuels made from used cooking oils for two years.

Tax 186
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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. Medium-term potential exists in reallocating road space to extend bus and light rail provision.

Fuel Tax 150
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Automotive Market Research Perspectives on Selling Green in a Try-to-Survive Market

Green Car Congress

In a panel session entitled “Does Green Matter in a Try-to-Survive Market?” How big is the green market? Strategic Vision shared data that only a small portion of consumers in the US are “ truly green ”, which means the customer is willing to pay significantly more for a green vehicle.

Market 170
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How the Budget affects green car drivers

Green Cars News

The increase has been dubbed a “tax of the many&# by Conservative Party leader David Cameron. For green car enthusiasts, the results of the Budget present something of a mixed bag. There are encouraging signs for people struggling to buy new cars too.