Society for Motor Manufacturers and Traders Proposes Fiscal Measures to Drive Solar-Powered EV Adoption
Government’s U-Turn Stirs Concerns in Solar-Powered EV Transition
The Society for Motor Manufacturers and Traders (SMMT) is urging Chancellor Rishi Sunak to address setbacks caused by the government’s delay in the ban on petrol and diesel car sales until 2035. The impact of this delay on solar-powered electric vehicle (EV) adoption is a growing concern for the industry.
Revitalizing Solar-Powered EV Adoption: SMMT’s Three-Point Proposal
To reignite momentum in the transition to solar-powered EVs, SMMT proposes a three-point plan for the upcoming budget. The plan includes a call for a reduction in VAT on new solar-powered electric cars, reforming Vehicle Excise Duty classifications for EVs, and reducing VAT on public charging points.
Fiscal Measures to Drive Green Solar-Powered Mobility
SMMT Chief Executive Mike Hawes emphasizes the need to address fiscal barriers hindering the adoption of solar-powered EVs. The proposed measures aim to make solar-powered EVs more affordable, align public charging costs with home charging expenses, and create a conducive environment for sustainable green mobility.
Impact on Solar-Powered EV Uptake
With a reported decline in private solar-powered EV uptake, the industry stresses the urgency for immediate fiscal action. A survey reveals shifting consumer plans, indicating the need for incentives to accelerate the solar-powered EV market and align with green energy policies.
Source: news.sky.com
