Petrol And Diesel Cars Could Be Made £1,500 More Expensive To Subsidise Electric Vehicles

A feasibility study commissioned by minsters on ways to accelerate the uptake of electric vehicles has suggested making new petrol and diesel cars £1,500 more expensive.

The report, published by the Department for Transport this week, said the funds generated by the additional cost of motors with internal combustion engines could be used to subsidise battery vehicles, which are generally more expensive to buy.

But the motor industry’s trade body has blasted the suggestion, saying such a move would penalise those who can’t afford electric cars currently, or don’t have the facilities to charge them.

'Make petrol cars more expensive to subsidise EVs': A report commissioned by the Department for Transport has urged the government to introduce of a 'feebate' scheme. This would reduce the cost of plug-in vehicles by raising the price of new petrol and diesel cars
‘Make petrol cars more expensive to subsidise EVs’: A report commissioned by the Department for Transport has urged the government to introduce of a ‘feebate’ scheme. This would reduce the cost of plug-in vehicles by raising the price of new petrol and diesel cars

The report outlines the key areas for the Government to tackle the slow adoption to electric cars.

This includes raising awareness of EV benefits, improvements to the public charging infrastructure, changing consumer attitudes towards battery cars with limited ranges and consideration of financial factors to make plug-in models more attainable. 

For the latter, the study produced by the Behavioural Insights Team and the Transport Research Laboratory has suggested higher VAT rates for petrol and diesel cars, or forcing buyers of these models to pay towards making electric cars cheaper.

This would see the cost of new cars with internal combustion engines likely increase by between £500 and £1,500. 

Full story

The post Petrol And Diesel Cars Could Be Made £1,500 More Expensive To Subsidise Electric Vehicles appeared first on The Global Warming Policy Forum (GWPF).

via The Global Warming Policy Forum (GWPF)

https://ift.tt/3kibWum

September 14, 2020 at 03:11AM

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s