PARLIAMENTARY WRITTEN QUESTION
Electric Vehicles: Excise Duties (28 October 2022)
Question Asked
To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential impact of the projected increase in the number of electric vehicles on future revenues from Vehicle Excise Duty.
Asked by:
Janet Daby (Labour)
Asked by:
Janet Daby (Labour)
Answer
The Office for Budget Responsibility (OBR) periodically forecasts the impact of increased electric vehicles on future motoring tax revenues, including Vehicle Excise Duty, as part of its Fiscal Risks and Sustainability report.
More information can be found on the OBR’s website: https://obr.uk/frs/fiscal-risks-and-sustainability-july-2022/.
The Government set out as part of its Net Zero Strategy that revenue from motoring taxes would keep pace with the transition to electric vehicles.
Answered by:
James Cartlidge (Conservative)
2 November 2022
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