- The UK government is considering reducing VAT on public electric vehicle (EV) charging from 20% to 5%.
- This move aims to address concerns about slowing EV demand and the financial impact of upcoming pay-per-mile road taxes.
- Currently, home charging is taxed at 5% VAT, while public charging is taxed at 20%, which is seen as unfair to those without home charging options.
- A VAT cut would particularly benefit drivers who rely on public charging, such as taxi, rideshare, and urban motorists.
- There is skepticism about whether this is a genuine policy shift or just political signaling, but it is seen as a positive development for EV owners.
Source: dmnews.co.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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