Telematic Technology to replace vehicle tax and fuel duty
With the price of fuel hurtling towards £2 per litre, all of a sudden your Wetherspoons breakfast isn?t the most expensive part of your Saturday morning ride. And whilst it?s still utterly sickening, hearing how many billions of pounds profit the oil companies make every year, we?re still paying the government 57.95p in fuel duty (even after the recent 5p cut), as well as the 20% VAT, for every litre of petrol (or diesel) we use. It?s getting silly. And then of course there?s road tax which varies massively, from zero to hundreds of pounds a year, depending on what you ride (or drive).
We?re all paying Her Majesty?s Government handsomely for the privilege of driving on her roads, but some are paying a shed load more than others, and a few people are getting pretty pissed off about it.
If you?ve got an electric vehicle, you won?t pay road tax (or Vehicle Excise Duty to give it its official name). You also won?t have to pay the extortionate fuel duty at the pumps. That?s obviously one of the incentives of owning an electric vehicle; incentives of which there isn?t a very long list where electric bikes are concerned. Obviously, thanks to the price of household electricity skyrocketing, EV owners aren?t without their own issues at the moment.
The Big Issue
But the big issue, as far as the roads go, is this. There were more EVs sold in 2021 alone than there were in the five years before that, put together. And in ten years? time, there are likely to be more ...
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