Proposals to tax electric vehicles (EV) more heavily to raise revenue lost from fuel duty will be a turn-off warns Steve Tigar, entrepreneur and CEO of loveelectric.cars, the new ethical fintech which makes low-cost electric car leasing a reality for employers and their workforce.

Steve Tigar says:

“I’m worried that by recommending the taxation of electric vehicles (EV), the Commons Transport Committee isn’t grasping the enormity of getting drivers to adopt a completely new fuel.

“Recent EV uptake has been strong but we’re still only 1% of the way to switching drivers off CO2 emitting fuels. And significant challenges remain.

“One of the great successes has been the salary sacrifice scheme with recent figures showing that 22% of cars bought through these are EVs.

“These salary sacrifice schemes, like those from loveelectric.cars, are proving increasingly popular with employees and employers because of the financial benefits they offer.

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