2015 is the 17th year of continuous reductions on CO2 from the motor industry. UK average new car emissions are now at an all-time low of 124.6g/km, beating the EU target by 4.2%. Britain has surged ahead of Europe when it comes to plug in cars too, with more being sold here than anywhere else in Europe. A record 68.6% of car buyers are now paying zero first year tax, putting the current regime under scrutiny.
Why such scrutiny? The simple fact is that if tax revenues have gone down then the money will be found elsewhere. Some of your might well argue that the government would have known that as a reaction to high fuel prices and higher tax for more polluting vehicles, manufacturers were bound to make more economical cars. By proxy, people were bound to buy those cars. Therefore, this drop should have been expected. Do we believe that though? Or is the drop in the money HMRC is receiving going to be accounted for by a tax rise elsewhere?
All we at Car Articles can say is that we sincerely hope it doesn’t mean more duty or tax on petrol and diesel.
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