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Electric Vehicles and Tax

Shocking news!

As in most aspects of our lives, tax is on the increase. On 1 April 2019 VED (Vehicle Excise Duty) rateson cars, vans and motor cycles will increase in line with the RPI (Retail Price Index).

Then from 6 April 2019, company car tax will be based on WLTP (Worldwide Harmonised LightVehicle Emissions Test Procedure). This will increase company car tax for most drivers. Any vehicleregistered before 6 April 2019 will continue to use the current NEDC (New European Driving CycleTest Procedure).

With this in mind, we looked at the two alternatives that are available for drivers.

Hybrid cars are a half way point between conventional vehicles and electric vehicles. Theyhave a conventional engine, an electric motor and a battery. They use all three sources togenerate power.

Electric vehicles are becoming more and more popular as businesses and individuals look forgreener alternative for travel.

Plug-in Car Grant

There are some government grants available for the cleanest vehicles. These vehicles are Category 1,which means they have a CO₂ emissions of less than 50g/km and a zero emission range of at least 70miles. The grant available for category 1 vehicles has recently changed to £3,500.

There are currently 5 types of vehicles that are eligible for these grants and they are cars, vans,motorcycles, mopeds and taxis. Only vehicles that have been approved by the government will beeligible for a grant. For a complete list of models click here.

Did you know?

Most electric vehicles are automatic and they are much quieter than conventional cars!

It can cost as little as 2p per mile to fuel an electric car in comparison to up to 14p per mile for aconventional petrol or diesel vehicle.

An electric car motor has two or three moving parts in comparison to the hundreds of componentsthat make up an internal combustion engine.

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Posted on 22nd January 2019 at 4:10 PM

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