SMMT advised the government to remove value-added taxes on EVs to lower their prices

The Society of Motor Manufacturers and Traders (SMMT) advised the government to wipe the taxes on electric vehicles to promote their uptake and hasten the transition to electric vehicles. The agency also added that the government must commit itself to support the development of charging stations at strategic points in the country to motivate the motorists to desire and transition to Evs. 

SMMT poured these recommendations during a get together by over 20 electric vehicle proponent firms where they discussed the expanding and advancing technologies in this industry. This growth is attributable to the rising investment in the EV sector of transportation. 

In the last year, the quantity of electric-powered vehicles has risen steadily, and this trend is likely to escalate into the coming months in the UK. Customers will have a diverse line of Evs from which they can choose a car that suits their tastes and preferences. The customers will choose a car with the mileage range they intend to cover daily and minimize the country’s pollution. 

A study by Savanta ComRes reveals growing demand for cars that have fewer costs and spearhead the achievement of the zero-emissions objective in a few decades. Nevertheless, the citizens show a lukewarm desire to purchase these cars, possibly because they love the ICE cars. 

Additionally, the study revealed that high prices, insufficient charging stations, and mileage range anxieties impede the uptake of the citizens’ electric vehicles. The research showcases that the citizens will be slowly transitioning to Evs in the next fifteen years. 

SMMT is advising the government to consider investing in long-term purchase plans that will escalate these vehicles’ uptake rates in the nation. This move will keep the drivers in speed with the new technology, and they will appreciate the benefits they induce in the environment. 

Studies reveal that the UK will need to establish close to 1.8 million public charging stations countrywide by 2035 to convince its population to transition the Evs. With the vast cities and streets in the country, it will need to install 550 charging stations in a day to reach this target. 

In conclusion, the government must commit to supporting the incentives on Evs like withdrawal of VAT charges for a minimum of six years, and the development of charging stations nationwide with the appropriate charging systems. Additionally, the country must educate its citizens on the advantages of transitioning to this technology.