taxation Archives - Auto Global News – Global Car News & Reviews

The UK auto industry has expressed strong criticism over the government's recent announcement of a new annual tax on electric vehicles and plug-in hybrids, set to take effect in 2028. The proposed levy aims to address declining revenues from petrol and diesel fuel taxes as electrified vehicles become more prevalent.Key TakeawaysThe new tax will impose a 3 pence per mile charge for electric cars and a 1.5 pence per mile charge for plug-in hybrids from 2028.The Society of Motor Manufacturers and Traders (SMMT) argues that the measure could suppress demand, making it harder to meet ambitious sales targets for EVs.Details on how the tax will be measured and enforced remain unclear, with no specifics provided regarding implementation.In a move reminiscent of past fiscal policies, the UK governm...

The upcoming budget proposals have sparked debate across Britain, with many questioning how to tax societal nuisances. Sophie Wilkinson argues that instead of taxing hardworking Brits, the government should levy taxes on habits detrimental to society, such as driving excessively loud vehicles and consuming ultra-processed foods.Wilkinson's proposal suggests placing microphones in speeding cameras to fine drivers who accelerate their cars like racecars through residential areas. The sound pollution caused by these noisy rides is not only annoying but also harmful to the environment. As we reported, GM has been introducing quieter electric models, yet there's still a need for regulation.Another target of Wilkinson’s tax plan are ultra-processed foods (UPFs), which often contain high levels o...

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UK Auto Industry Criticizes New EV Excise Duty Plan

Taxing Noisy Cars and Junk Food for a Millennial-Friendly Budget