{"id":4775,"date":"2021-04-30T09:48:15","date_gmt":"2021-04-30T09:48:15","guid":{"rendered":"https:\/\/editorial.thenextweb.com\/?p=1348975"},"modified":"2021-04-30T09:48:15","modified_gmt":"2021-04-30T09:48:15","slug":"ev-owners-looking-at-extra-costs-as-uk-moves-to-plug-road-tax-gap","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=4775","title":{"rendered":"EV owners looking at extra costs as UK moves to plug road tax gap"},"content":{"rendered":"\n<div><img decoding=\"async\" src=\"https:\/\/img-cdn.tnwcdn.com\/image\/shift?filter_last=1&amp;fit=1280%2C640&amp;url=https%3A%2F%2Fcdn0.tnwcdn.com%2Fwp-content%2Fblogs.dir%2F1%2Ffiles%2F2021%2F04%2Fppp.png&amp;signature=a86cca36b0ff9c94d9f8ab701b7b7abe\" class=\"ff-og-image-inserted\"><\/div>\n<p>The UK\u2018s shift to EVs will come with a heavy price, an expected&nbsp; \u00a340 billion ($56bn) loss in the Treasury\u2019s funds.<\/p>\n<p>On Wednesday, Greener Transport Solutions, a non-profit group that provides recommendations to central and local government, submitted to MPs <a href=\"https:\/\/greenertransportsolutions.com\/wp-content\/uploads\/2021\/04\/RE-CHARGING-BRITAINS-ROAD-POLICY-Supplementary-Written-Evidence-for-TSC-Inquiry.pdf\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">a report<\/a>,&nbsp;aimed at tackling this problem.<\/p>\n<p>Specifically, the report proposed a mandatory per-mile road pricing scheme by 2030, to coincide with the sales&nbsp;ban on&nbsp;internal combustion vehicles.<\/p>\n<p>The organization considers this measure a \u201cfiscal imperative.\u201d<\/p>\n<p>With the electric vehicles being&nbsp;<span>exempt from vehicle excise duty (an emissions based tax) and the expected decrease in fuel demand,<\/span>&nbsp;the Treasury will loose&nbsp;28 billion ($39bn) from fuel duty, \u00a36 billion ($8bn) from VAT on fuel,&nbsp; and \u00a36.5 billion ($9bn) from VED charges.<\/p>\n<p>The rates of the road pricing scheme will be based on distance, vehicle weight, emission, and traffics levels.&nbsp;The distance charge, for instance, is&nbsp;set at 2p (0.03c) per km for cars, 3p (0.04c) per km for vans, and 6p (0.08c) per km for lorries.<\/p>\n<p>The proposed scheme needs to go hand in hand with the provision of incentives to prospect EV buyers, the report claims.<\/p>\n<p>Therefore, it recommends a 33% discount for models up to&nbsp;\u00a335,000 for buyers that voluntary opt for the road charges from 2023, and a&nbsp;\u00a33,000 grant for those who scrap their old vehicle (if more than 10 years old) and switch to an EV instead.<\/p>\n<p> <a href=\"https:\/\/thenextweb.com\/news\/mandatory-road-pricing-to-plug-uks-40bn-tax-gap-after-shift-to-evs\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK\u2018s shift to EVs will come with a heavy price, an expected&nbsp; \u00a340 billion ($56bn) loss in the Treasury\u2019s funds. On Wednesday, Greener Transport Solutions, a non-profit group that provides recommendations&#8230;<\/p>\n","protected":false},"author":1,"featured_media":4776,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/4775"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4775"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/4775\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/4776"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}