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The tax that electric cars are starting to pay in Europe to compensate for the decline in gasoline sales

The tax that electric cars are starting to pay in Europe to compensate for the decline in gasoline sales

The Bank of Thailand is investigating rates related to battery cars as the market grows. Electric car tax in Europe to compensate for falling petrol sales Based on the facts directly observed and confirmed by our reporters or the methods...

The tax that electric cars are starting to pay in Europe to compensate for the decline in gasoline sales

The Bank of Thailand is investigating rates related to battery cars as the market grows.

Electric car tax in Europe to compensate for falling petrol sales

Based on the facts directly observed and confirmed by our reporters or the methods we find about the subject.

The Ministry of Finance is considering the possibility of introducing a new tax on battery vehicles due to the growth of the market.

The shift towards sustainable mobility in Europe is set to face a new and unexpected hurdle: the introduction of significant new taxes on electric cars.

The move aims to reduce the sale of petrol and diesel, which is an important source of UK tax revenue.

In addition, the proof of this change is in the college, the first to have the program Conticles and many ways electricity.

The economic paradox of electrification

Over the years, electric vehicles have received significant tax cuts, including the elimination of tariffs, unlike fuel and diesel, which are highly taxed.

In fact, this incentive policy is the main lever for its adoption and the achievement of emission reduction targets.However, the success of these programs has created an economic paradox.As more drivers opt for zero emissions, the reduction in public coffers resulting from reduced fossil fuel revenues is unaffordable.

Due to this situation, the Ministry of Finance has started work on finding new sources of funds.The most immediate and pointed case is the United Kingdom, which is a pioneer in announcing the last day of the EVS tax amnesty.

From a certain date, owners of electric cars will pay the same road tax as internal combustion cars.

This tax, which varies by vehicle, currently means significant annual maintenance costs, removing one of the economic selling points of buying an electric car.

Tax models on the table

The picture is similar in the rest of Europe and many governments are studying how to close this financial hole.In parallel, financial experts and transport bodies are debating the different tax models for electric vehicles that could be implemented in the coming years to ensure the financial sustainability of the road infrastructure.

One of the most straightforward models is the simple UK tax treatment, comparing your property to all other taxes and treating other taxes.

Another way is the implementation of a tax based on weight.There is a growing concern about the large weight of batteries that cause EP wear on the asphalt.

Another alternative system that is considered to be the best, although the most difficult to implement, is the cost per kilometer (road fee).This model replaces fuel taxes with direct payment for every kilometer traveled by the driver.

Often associated with GPS tracking systems or odometer readings, this presents significant challenges for governments to adequately charge all road users regardless of whether they are motorized, but in terms of data privacy and the technologies required for large-scale implementation.

Finally, another option is to introduce a specific Electricity Tax.It leads to a direct copy of the existing taxes on cars, even reserves and leads at public points, which are still on paper, and taxes on diesel.

A risk to decarbonization

Historically, the main economic benefits of electric cars, apart from savings, have been tax exemptions and lower daily usage charges.Introducing new costs now could make electrification significantly less attractive, especially to reluctant low-income consumers.

The path to full-vehicle electrification is now irreversible, but how governments decide to finance the post-petrol era will determine how quickly that goal is achieved.

The introduction of road tax in the UK is just the first warning of a tax overhaul that will affect millions of drivers across Europe.

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