Electric cars Depreciation

[Andy_W]

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.

I think it's just going to be general tax increases.

They want to deter people buying new ICE cars up to 2035, after that they will be wanting to deter people buying second hand ICE cars, and will do that till there's next to no ICE cars left on the road.

As long as climate change exists, emissions are a target, which makes ICE the bigger target, and it's not likely they're going to soften up this approach. So, if they went and charged 5p a mile on milage or something for EV, they would do the same or more for ICE, those with home solar and an EV would be exempt I expect.

EU manufacturers will be practically not selling ICE by 2030 anyway, or even hybrids, loads have already committed to that and there's no going back now.

Once ICE is largely gone the BIK rates on EV's could rapidly increase, which would claw some tax back, but they need the hole plugging before then, so the only real answer is general tax.

They might even start taxing home gas use more, for boilers etc. They won't want to fund the switch to heat pumps or electric heating, so they'll make the gas users pay through the nose, until they give up.