Tax incentives, allowance scheme for green car owners
Automobile companies are not the only ones keen in reducing air pollution as lawmakers as well do their own part to alleviate such environmental problem. Chancellor Alistair Darling, for example, is set to impose tax incentives for those motorists that drive around greener cars in Britain.
In a couple of years or two, Britain will have a special tax band that will benefit greatly car owners of environment-friendly vehicles. Moreover, these motorists are under the allowance scheme of the government for their fuel-efficient vehicles. Starting April of 2010, Britain will already make use of a different tax rate for newly-purchased vehicles. The amount the owner is going to pay will rely on how efficient is the engine system of his or her new car. The Carbon dioxide emissions will be tested first. Those vehicles that will have an output of 160g per kilometer will have to pay a higher fee. At present, an owner has to pay the amount of £950 before he or she can drive around a vehicle that has 255 g/km or so emission. Those cars that have 130g/km of CO2 or less will be free from the tax on its initial year.
“The road tax system should do more to support the use of more carbon-efficient, and therefore less costly cars. This will help reduce average carbon dioxide levels in new cars,” said Darling. “It is right that if people choose to buy a more polluting car that they should pay more in the first year to reflect the environmental cost. The changes will provide a real incentive to manufacturers and motorists.”
"That is one great action for car owners!", my friends in Autopartswarehouse reckons.
The Budget proposed by Chancellor Darling will also push fuel companies to utilize higher grade biofuels to improve the natural fuel industry as companies will likely pursue to improve their biofuels. Darling is also encouraging the European Commission to put up a higher standard for the CO2 emissions of vehicles. From its current goal of 100g/km in 12 years, Darling proposes to make it 130 g/km instead.
Darling, ("Cute surname, by the way.", says my autopartwarehouse friends.) along with the government of Britain, hopes to encourage motorists to patronize cleaner cars with the lower tax rates and allowance incentives of the future Budget. If things go as planned, pollution of automobiles would likely be minimized.
Source: Channel4.
In a couple of years or two, Britain will have a special tax band that will benefit greatly car owners of environment-friendly vehicles. Moreover, these motorists are under the allowance scheme of the government for their fuel-efficient vehicles. Starting April of 2010, Britain will already make use of a different tax rate for newly-purchased vehicles. The amount the owner is going to pay will rely on how efficient is the engine system of his or her new car. The Carbon dioxide emissions will be tested first. Those vehicles that will have an output of 160g per kilometer will have to pay a higher fee. At present, an owner has to pay the amount of £950 before he or she can drive around a vehicle that has 255 g/km or so emission. Those cars that have 130g/km of CO2 or less will be free from the tax on its initial year.
“The road tax system should do more to support the use of more carbon-efficient, and therefore less costly cars. This will help reduce average carbon dioxide levels in new cars,” said Darling. “It is right that if people choose to buy a more polluting car that they should pay more in the first year to reflect the environmental cost. The changes will provide a real incentive to manufacturers and motorists.”
"That is one great action for car owners!", my friends in Autopartswarehouse reckons.
The Budget proposed by Chancellor Darling will also push fuel companies to utilize higher grade biofuels to improve the natural fuel industry as companies will likely pursue to improve their biofuels. Darling is also encouraging the European Commission to put up a higher standard for the CO2 emissions of vehicles. From its current goal of 100g/km in 12 years, Darling proposes to make it 130 g/km instead.
Darling, ("Cute surname, by the way.", says my autopartwarehouse friends.) along with the government of Britain, hopes to encourage motorists to patronize cleaner cars with the lower tax rates and allowance incentives of the future Budget. If things go as planned, pollution of automobiles would likely be minimized.
Source: Channel4.
