“Increasing taxes on EVs isn’t the way to grow their uptake” says loveelectric.cars
- On February 17, 2022
- By GrowthInvest Marketing
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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