Source · Select Committees · Transport Committee
Recommendation 4
4
Paragraph: 14
Zero fuel duty and vehicle excise duty help motorists to offset the higher purchase price...
Conclusion
Zero fuel duty and vehicle excise duty help motorists to offset the higher purchase price of electric vehicles compared with petrol and diesel alternatives. Those prices are predicted to decrease as sales of new and second-hand electric vehicles increase. As prices decrease, more motorists will purchase electric vehicles, which will in turn decrease fuel duty and vehicle excise duty yields.
Paragraph Reference:
14
Government Response
A response document is linked to this report, dated 6 March 2023. Response attribution to this conclusion has not been verified. Read the response document ↗