George Osborne announces a new road improvement fund with VED car tax paying directly for road repairs
“Every single penny” raised by vehicle excise dutyMaking Most of the UK Plug-IN Grant : for Plug-In Car upto £5000 or Plug-In Van upto £8000 . Read more ... » will go into a newNew electric car club in Stratford is first of its kind in UK. Read more ... » road fund to pay exclusively for highways maintenanceNew electric car club in Stratford is first of its kind in UK. Read more ... » by the end of the decade. George Osborne revealed the creation of the road fund in his July 8German cabinet gives green light to electric car incentives. Read more ... » Budget in one of the biggest reforms to motoring in recent years.
Osborne said: “We will create a new roads fund from the end of this decade and every single penny raised in vehicleRT: £9m to be invested in electric car charging points. Read more ... » excise duty will go into that fund to pay for roads. The tax paid on people’s carsAre we there yet: GM & Electric car price wars, across the pond?. Read more ... » will be usedNorth East UK: Green electrical firm provides free home car-charging kit. Read more ... » on the roads they drive on. It’s a fairer tax systemWhatCar? : Group test - BMW i3 vs Volkswagen e-Golf. Read more ... » for motorists.”
Vehicle excise duty will also be overhauled from 2017 because figures show that under the current schemeWell Done: Birmingham switched on to potential of electric cars. Read more ... » three quarters of all new cars would be exempt.
The 2017 system will see new cars paying based on updated emissions£11 million to research carbon-cutting technology. Read more ... » ratings that take new technologyAre we there yet: GM & Electric car price wars, across the pond?. Read more ... » such as hybrids and pure-electricAre we there yet: GM & Electric car price wars, across the pond?. Read more ... » cars into account. After the first year, there will be three duty bands – zero emission, standard and premiumFrance will pay citizens $11,000 to upgrade to electric vehicles. Read more ... ».
No extra revenue will be raised by the new system but Osborne believes it’ll be “more secure” and fairer, too.
Osborne said it’s not right that those who can afford new cars pay no tax while those who can only afford as used vehicle have to shell out for tax when both are using the roads.
Fuel2/2: Driving the Future Today A strategy for ultra low emission vehicles in the UK. Read more ... » duty will also be frozen for the rest of the year, as previously announced, while the timeClara Ford: What if we told you that this modern day ( #ElectricCar) miracle is almost 100 years old?. Read more ... » limit on having the first MoT carried out will be stretched from three to four years, saving motorists “billions”.
Budget 2015: reaction
Commenting on the budget, Steve GoodingCharging points at 72% of motorway stations. Read more ... », director of the RACCharging points at 72% of motorway stations. Read more ... » Foundation, said: “The Chancellor has seen the writing on the wall. His VED income is set to fall sharply as cars get greener and he has acted to avoid that. CostsJapanese carmakers team up for electric car charging. Read more ... » for many drivers will rise, but two things help offset the financial pain. One is that new carAre we there yet: GM & Electric car price wars, across the pond?. Read more ... » prices have dropped in real terms over many years and the other is that money raised from VED will be ring-fenced for road investment, somethingClara Ford: What if we told you that this modern day ( #ElectricCar) miracle is almost 100 years old?. Read more ... » not seen since the 1930s.”
New VED road tax bands from April 2017
The new VED rates affect cars registered from 1#2013 #Nissan #Leaf #Acenta 6+35 Lease deal 8k/annum £263.94 (mid-range trim). Read more ... » April 2017. The first year rates will continue to be set according to CO2 emissions2/2: Driving the Future Today A strategy for ultra low emission vehicles in the UK. Read more ... » although only zero-emission cars will be exempt from paying.
After the first year, a flat standard rate of £140 a year applies – although zero-emission vehiclesAre we there yet: GM & Electric car price wars, across the pond?. Read more ... » continue to be freeThe #London congestion charge rules are set to change to favour electric cars.. Read more ... ». Cars with a list priceThe cheaper battery: Bosch invents new electric car battery to double mileage. Read more ... » above £40UK Electric Car Sales are shooting up and no sign of slowing!. Read more ... »,000 will attract a supplement of £310 on their standard chargeClara Ford: What if we told you that this modern day ( #ElectricCar) miracle is almost 100 years old?. Read more ... » for the first five years. All cars that were first registered before the new system comes into effect remain on the existing VED scale which will not changeC Zero #czero #ElectricCar #ev for 10k. Grab it while its hot.. Read more ... ».
VED tax bands: April 2017 onwards: table
|VED car tax bands for cars first registered from 2017 onwards|
|Emissions (g/km of CO2)||First year rate||Standard rate|
|0UK Gov: Boosting Green and Electric Car/ Low emission Car uptake with £500 Million Investment. Read more ... »||£0||£0|
|1-50Ecotricity's Electric Highway Grid in UK is to grow and cover entire UK motorway network. Read more ... »||£10Nissan reaches 10,000 Leaf electric car sales in UK. Read more ... »||£140|
|51*Applauds* California Zero Emissions Car Target May Hit 100% By 2030. Read more ... »-75||£25Electric car grant: time is short before they pull the plug on £5,000 giveaway. Read more ... »|
|Over 255||£2More Scots are plugging in electric cars. Read more ... »,000|
|Cars above £40,000 pay £310 annual supplement for five years|
History of Vehicle Excise Duty in the UK
- • 1889 – Vehicle Excise Duty first introduced.
- • 1909 – In the ‘People’s Budget’ David Lloyd George announced that the proceeds of VED would be used to fund the building and maintenance of the road networkGovernment funds will pay for electric vehicle charging point at Popham Little Chef. Read more ... ».
- • 1920 – The terms Road Fund and Road Fund Licence#2013 #Nissan #Leaf #Acenta 6+35 Lease deal 8k/annum £263.94 (mid-range trim). Read more ... » came into existence.
- • 1936 – Ring-fencing of the Road Fund ended by the Finance Act.
- • 2014 – 69% of new cars registered in Great Britain were exempt from VED in their first year on the road because they emitted CO2 of less than 131g/km and fell into bands A-D.
- • 2013/14Electric cars will become as ubiquitous as the internet, says transport minister. Read more ... » – VED raised £6Tesla VS Dyson, as the latter Challenges Tesla With $1.4 Billion Battery Tech Investment. Read more ... ».1 billion with the money going into the Treasury’s general consolidated fund.
- • 2017 – New cars to be charged VED with no first year exemption with new rates emissions ratings introduced for updated tech.
- • 2020 – By the end of the decade, all VED paid will be ring-fenced and used for road building, maintenance and repairs.
What do you think of the changes affecting motorists in the 2015 budget? Let us know in the comments section below…