How will the authorities tax electric cars?
As we covered in one of our earlier posts the idea for electric vehicles has been around for nearly 100 years although there has been limited progress prior to the last decade. When you consider that the more traditional petrol and diesel powered vehicles cause harm to the environment, use up vital natural resources, can be expensive to maintain and are dominated by the cost of oil, surely there must be a reason why electric cars have not taken off?
There are many conspiracy theories and ideas as to why the electric car market has yet to take off, all of which ultimately boil down to money and government budgets. So why exactly have electric cars failed to take off as yet?
Government budgets
When you consider that the UK government, as an example, earns billions upon billions of pounds a year in taxation on petrol and diesel it is not difficult to see why there has been some apparent unease at the introduction of electric cars. Literally overnight governments around the world could see billions upon billions of pounds wiped off their annual budgets forcing them to find new ways to tax the public and businesses to make up for potential shortfalls.