Reply To: SMMT chief calls for electric cars to be exempt from VAT

#130450
alan1302
Participant

    Dear me alan1302. Are you saying removing VAT on EVs which will be paid for from everyone’s taxes is a good thing because in 10 years time the people in my street may be able to afford to buy one?

    Removing VAT would be a good short term measure as it increases sales which in turn increases the number being produced which in turn brings the costs of them down.  There maybe less VAT being collected but it’s good for the economy and what is good for that is good for the UK.  The car dealers can employee more people to sell more car so the government gets more text from the employees – more chargers are needed which is more jobs and more tax to the government.  We need to invest in renewable power – so more jobs and more tax being paid.

    VAT being taken off can have  large long term boost – you need to look at the big picture.

    If there are more jobs about maybe people in your street may be working in one of those industries and benefit from it?