New Tax on EVs Could Boost Gasoline Prices
Update: 2025-11-29
Description
A new tax on electric vehicles could inadvertently hike gasoline and diesel car prices, according to industry experts. This tax, set to start in 2028, is expected to cost electric vehicle drivers around £255 per year and could potentially decrease electric vehicle sales by hundreds of thousands over the next decade. Meanwhile, car manufacturers are already grappling with meeting zero-emission vehicle mandates, and this new tax could exacerbate their struggles, potentially leading to increased prices and limited sales of gasoline and diesel models.
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