UK Considers Boosting EV Incentives and Introducing Per-Mile Tax
The British government is considering significant changes to electric vehicle (EV) incentives, aiming to inject an additional £1.3 billion into subsidies for new EV purchases while also proposing a per-mile tax on all-electric vehicles starting from 2028. This move comes as the government looks to address concerns over revenue loss due to declining fuel duty payments.According to leaked information, this week's budget announcement will detail plans to extend EV subsidies until 2030 and introduce a consultation period for the proposed distance-based tax on electric cars. The new tax is expected to generate around £375 million annually for the Treasury, mirroring current fuel duties that petrol and diesel vehicles face.Industry insiders argue that these changes are necessary as EV sales in t...