I made a guestimate at the £50K level but it does tie in with the onset of the 40% Income Tax band and would therefore be pretty easy to impliment.
What is clear to many that there are nowhere near enough people in the top 1% of earners to pay for Labor's manifesto promises. I'm sure that there many more... [cough][cough] 'worthy' places to spend the money before you get onto green initiatives. The people who fund the party will be wanting their payback long before we get onto making EV's cheaper.
This is very different to BabyEVDriver's rather wild claim that £50k GROSS HOUSEHOLD income (which by the time you have a couple earning the national median of £30k, well, you've then exceeded - so it'd affect the majority of households in the country) would be paying 4x council tax. I have no idea where these numbers come from, but it sure doesn't seem to be the Labour Party Manifesto. If it was then even I'd question voting for them which only makes me hope that more people fact check before making a decision... there's a lot of BS out there.
Regardless of which political party you support, reducing EV VAT to 5% won't do a lot for EV uptake. For example, if you're in the market for a £30k new car, plus or minus a few grand isn't really going to make any difference. If it IS going to make the difference between buying or not, perhaps you shouldn't be pushing your finances that much.
I haven't read any manifestos but would the VAT reduction be in addition or instead of the existing EV grant?
Yeah although we got sidetracked into a discussion about Labour (who haven't made specific quantified promises with EVs in their manifesto itself but give a more quantified idea of what they want to do in this press release), the thread is about the Lib Dems idea of VAT reduction which is only one small piece of the puzzle. I'd have said the best way to kickstart EV ownership is to sort out the infrastructure and a clear plan for generating enough power to support it, as that's where most people's concerns lie.
Making them more affordable and creating new ways of affordable charging for households without off-road parking is still an important part though if we were to prevent the green/electric revolution from being just a middle to upper class privilege. The working classes are already tired of being lectured that they should be doing more of what they can't afford by EV drivers, vegans and the like,
Maybe this needs to be a different thread but far as I can see for the big three it goes like this: Conservatives - £1bn (previously 500m) investment in charging networks Labour - 3 new gigafactories (li-ion battery factories), investment in charging infrastructure, electric community car clubs, accelerate transition to electric for public sector car fleets and buses. (Press release indicative numbers: 3bn into new EV models and technology 3.6bn into charging networks, 2.3bn towards gigafactories Lib Dems - 5% VAT rate on EVs, increase rate of installation of charging points, residential on-street points, ultra-fast chargers at service stations, all new cars electric by 2030. 2bn into extension of ULEV zones into more cities, shift more freight to rail, support innovation in ZE technologies, reduce need for car travel at all
I know which one looks most effective to me as well as bringing back more production to the UK which would be quite important if Brexit goes ahead... YMMV, I guess.
And the alternative would have been what Andrew? Crazy levels of Government borrowing, zero wage rises, silly levels of inflation, another £150 quid a month on your mortgage.......And that's before Len McClusky and his cronies kick off.
You know, I don't know. But in the last nine years interest rates that retired people rely on have been terrible. There have been near zero wage rises for lots of people.
The narrative that the Conservatives have been great with the economy/can be trusted with the economy just doesn't stack up with the truth of the last nine years.
Of course not. But then again that isn't what fear mongering is all about, right?
Too many pimpled trolls nowadays filling up the internet with the rubbish their feudal overlords of neo-liberalism supply them with. Like a good doggie they get a pat on the head and an extra boney, and they feel like they've risen above the masses.
I have come to the conclusion, that the cheapest way into a Tesla 3 LR will be through a salary sacrifice scheme starting in the next year when BIK will be zero for ultra low emission cars. As the lease is taken before tax, it will be significantly cheaper than any other way of getting one...
I was browsing the forum earlier, and noted a lot of i3 owners loving their Rex, so it got me pondering an idea, can a Rex genny be fitted as a retrofit, either as a permanent fixture or remove able unit, and integrated into the leaf of env200 models.
I then research the i3 battery...
Read an item in Autocar about a study conducted by Peugeot into the feasibility of using an EV over Christmas. Obviously they are plugging the E208/ E2008 that will be here in the new year but still nice to see a manufacturer put forward a case. Now whilst Iam not sure about all of the facts it...
Note: I'm in the US, so this may not fully reflect other countries:
Background to idea:
a large percentage (what percentage?) of new and used vehicle purchases are, in effect, made by banks until such time as the loans are paid off.
Banks seem to be still fine to finance the purchase of fossil...