Electric cars Depreciation

hobblewobble said:
This is not the point ice cars have vat on them It could be you will be taxed on how many miles you drive with new cars being reported when servicing arises and older cars when the mot is due.
You will pay in the future ,once they have most of us onboard then they will hit us with a new form of taxation to replace fuel duty.
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Not that this is great English but what I can decipher doesn't make much sense. Do you think EV are VAT free? Huh?
 
SmallTown said:
Not that this is great English but what I can decipher doesn't make much sense. Do you think EV are VAT free? Huh?
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At the moment ice drivers pay a lot of fuel duty with ev's you don't.


In terms of raising revenue, the income from fuel duty provides the lion’s share of revenue received from motorists, at £25.1bn in 2022/23.3 This is more than three times larger than VED, which raised £7.4bn over the same period.4 EVs do not currently incur VED; however, from April 2025 both new and existing EVs will incur the lower first-year rate of VED, and the standard rate thereafter. The government has stated that this policy objective is to ensure that ‘all drivers begin to pay a fairer tax contribution’.5
£ 25 billion needs to be raised and it will be paid by ev drivers in the future.
THE CHEAP RIDE WILL SOON BE OVER.
My grammar may not be up to your high standard if you cannot comprehend taxing cars on the mileage achieved then there is no hope for you.

Why do people think they are clever when in truth they are just rude.
 
hobblewobble said:
At the moment ice drivers pay a lot of fuel duty with ev's you don't.


In terms of raising revenue, the income from fuel duty provides the lion’s share of revenue received from motorists, at £25.1bn in 2022/23.3 This is more than three times larger than VED, which raised £7.4bn over the same period.4 EVs do not currently incur VED; however, from April 2025 both new and existing EVs will incur the lower first-year rate of VED, and the standard rate thereafter. The government has stated that this policy objective is to ensure that ‘all drivers begin to pay a fairer tax contribution’.5
£ 25 billion needs to be raised and it will be paid by ev drivers in the future.
THE CHEAP RIDE WILL SOON BE OVER.
My grammar may not be up to your high standard if you cannot comprehend taxing cars on the mileage achieved then there is no hope for you.

Why do people think they are clever when in truth they are just rude.
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Your statement was literally “ice cars have tax on them” it sounded like you were suggested EV weren’t subject to VAT.
Not entirely sure what your point is now? That’s the problem with a lot of anti EV rants, they bounce around and make no sense. If your argument is but now EV are getting popular they’ll be subject to more taxes? Well, yes. There were tax breaks in the beggining to help the transition and now EV are becoming the norm they should go: you don’t seem to understand that this argument kind of proves EV have become mainstream.
Plus you don’t appear to understand this is opposing your original post which stated that second hand EV were too cheap. So which is it? Are EV too cheap or too expensive?
 
SmallTown said:
Your statement was literally “ice cars have tax on them” it sounded like you were suggested EV weren’t subject to VAT.
Not entirely sure what your point is now? That’s the problem with a lot of anti EV rants, they bounce around and make no sense. If your argument is but now EV are getting popular they’ll be subject to more taxes? Well, yes. There were tax breaks in the beggining to help the transition and now EV are becoming the norm they should go: you don’t seem to understand that this argument kind of proves EV have become mainstream.
Plus you don’t appear to understand this is opposing your original post which stated that second hand EV were too cheap. So which is it? Are EV too cheap or too expensive?
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It was in reply to 'nano ' a few threads back who was stating ev cars are expensive and so pay a lot of vat.

FUEL DUTY ON ICE CARS NEEDS TO BE REPLACED AND IT WILL> EV DRIVERS WILL PAY SOONER OR LATER>
 
hobblewobble said:
It was in reply to 'nano ' a few threads back who was stating ev cars are expensive and so pay a lot of vat.

FUEL DUTY ON ICE CARS NEEDS TO BE REPLACED AND IT WILL> EV DRIVERS WILL PAY SOONER OR LATER>
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They will, but it will be later and it will be when fuel cars are no longer an option. But you'll still also be able to fuel from home, and won't have to pay for physical fuel, only some form of contributory tax so not really sure what you are popping a vein about.
 
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hobblewobble said:
It was in reply to 'nano ' a few threads back who was stating ev cars are expensive and so pay a lot of vat.

FUEL DUTY ON ICE CARS NEEDS TO BE REPLACED AND IT WILL> EV DRIVERS WILL PAY SOONER OR LATER>
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Yes. And btw nano was correct you do pay a lot of tax on a new EV. Which is why I corrected you. It was you who changed the position of attack to fuel duty. I get it mate, you're scared of EV and you don't understand them. Just realise that some of us have had this conversation with Anti EV guys and it gets dizzy8ng the fact you all just reel off the usual anti EV memes. And when one gets shot down you then just switch to the next memes. It's hard to keep up. You seem to be angry that EV are too cheap, are too expansive, don't pay tax and do pay tax.
 
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SmallTown said:
Yes. And btw nano was correct you do pay a lot of tax on a new EV. Which is why I corrected you. It was you who changed the position of attack to fuel duty. I get it mate, you're scared of EV and you don't understand them. Just realise that some of us have had this conversation with Anti EV guys and it gets dizzy8ng the fact you all just reel off the usual anti EV memes. And when one gets shot down you then just switch to the next memes. It's hard to keep up. You seem to be angry that EV are too cheap, are too expansive, don't pay tax and do pay tax.
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I am not angry, i do not need correcting, i am not attacking, i was pointing out there is a large loss to the goverment's coffers which will have to be replaced .
I see i am not the only one who needs a lesson in grammar.
 
hobblewobble said:
I am not angry, i do not need correcting, i am not attacking, i was pointing out there is a large loss to the goverment's coffers which will have to be replaced .
I see i am not the only one who needs a lesson in grammar.
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Yes i think we all agree with you. My only issue is that it's quite dizzying when you just supply rapid fire anti EV memes. And yiu yourself admit you were responding to a post which said EV owners pay a lot of VAT
 
Comforts_comforter said:
I filled up my 5.0 litre V8 supercharged car at the petrol station on Friday. Estimated range was 210 miles. That's less than my EV :ROFLMAO:

No point to this post, other than it amused me.
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I mean that's funny in the sense that your car has probably already been stolen.

All cars have limitations and suit different people.

I love the idea of having a mega range diesel wafter that will do London to Madrid on a single tank of fuel, but in practice, I'd stop a couple of times at least.
 
hobblewobble said:
FUEL DUTY ON ICE CARS NEEDS TO BE REPLACED AND IT WILL> EV DRIVERS WILL PAY SOONER OR LATER>
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It will need to be replaced, but it won't disproportionally hurt EV owners, it will stay the other way around for a long time yet.

Not sure how they could tax the energy your EV uses at home, but not tax the other electrical use, for your kettle, heat pump, shower or whatever, so I don't see that happening soon or those who are skint would get hammered too. They probably won't make any changes to this as the electric used at home is still far cleaner than oil and gas, gets cleaner every month, and they of course can't tax what people produce at home either. Electric use at home will be incentivised (or not disincentivised) over oil and gas until oil and gas are not around. Once they're gone the tax on electric will possibly increase, although industry will fight back on that.

In the meantime, if they're losing tax on fuel duty, then they will have to make it up in general tax, so people who earn more will end up paying more for their miles effectively, which everyone should be fine with.

New cars might get taxed more, but that won't plug the hole, car manufactures will be against it, and EV's/ ICE are almost the same cost now, or will be soon enough, so this will not disproportionally hurt EV users. Road tax or VED for an ICE car is never going to be cheaper than an EV, purely due to emissions, unless the ICE is built before 1984.

I wouldn't be surprised if ICE and hybrid cars started getting taxed a lot more in a few years, for purchase price and for yearly fuel costs, as they're going to want people not using them as soon as possible. Once there are enough old EV's around which are 5-10 years old, and significantly less cost, they will be open to a lot more of the second hand market, and at this point ICE will be disincentivised for that also.

Of course for company cars, ICE are still largely taxed at up to 37% BIK, where as EV's are 2% BIK, rising to 5% in 27/28.
BIK values for lower emission ICE are going to go up in those years too mind, but that top 37% rate isn't going up, not that it needs to, it's a brick wall for companies.
Overall company car users won't be steered from EV's till at least 2028, and probably a lot longer than that, maybe when ICE is no longer on sale, but more likely after it's been a few years, to stop companies buying ICE's which are 1-3 years old.

Like on the example below, that's a 2.5-5k tax difference per year, on a car worth ~45-50k, this will dry up the number of 2nd hand ice cars coming into the market from companies, and it probably already has to be honest. For cars around 100k the tax difference is ~15k per year!

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hobblewobble said:
It has been suggested that ev cars will be taxed on mileage as i have mentioned before.
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It's not going to happen, without doing the same to ICE cars too, if they scale one, they will scale the other. Both are already taxed per mile, to a degree, with fuel duty, but that is imbalanced, but there are others it effects which are not imbalanced like depreciation, wear etc.

The only time I've heard of it being mentioned to specifically target EV drivers was a year ago, from a right wing think tank, and those don't have much of a future themselves, never mind have a chance of setting policy going forward.
 
Andy_W said:
It's not going to happen, without doing the same to ICE cars too, if they scale one, they will scale the other. Both are already taxed per mile, to a degree, with fuel duty, but that is imbalanced, but there are others it effects which are not imbalanced like depreciation, wear etc.

The only time I've heard of it being mentioned to specifically target EV drivers was a year ago, from a right wing think tank, and those don't have much of a future themselves, never mind have a chance of setting policy going forward.
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If one reads the daily mail one probably puts stock in right wing think tanks thinking
 
ICE cars are already taxed on mileage through fuel tax. EV’s will have to do the same either based on annual service / MOT reports or automated weekly or monthly updates. They could even do away with VAT on the purchase price and make it up with milage taxes to push sales if they wanted. The alternative is taxing other things more to make up the difference.

The same argument has been made for years about tobacco taxes funding the NHS but that is being phased out too. One thing is for sure, the government will find something to make up the difference.
 
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