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by magnetic-recoil
1472 days ago
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One subsidy, there are still big subsidies on leasing electric cars (no tax or employment tax has to be paid on this), as well as zero road tax, fuel tax and other incentives. Electric cars are cheap enough now anyway that the subsidies don't really make sense, they've done their job establishing a market but keeping the subsidy in place now is just a distortion pushing nominal prices up. |
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The current Vehicle Excise Duty is based on the amount of pollutants emitted by the vehicle - https://obr.uk/forecasts-in-depth/tax-by-tax-spend-by-spend/... - so electric vehicles still receive tax demands (albeit for zero).
Electricity to refuel cars is subject to VAT (at 5%).