Latest news with #DanielKunkel
The Independent
2 days ago
- Automotive
- The Independent
Changing one thing about public chargers would make half of drivers switch to an EV sooner
New research has shown that half of drivers would switch to an electric car sooner if the VAT on public charging matched that of home charging. A pain point for many EV owners and a barrier to entry for non-EV drivers, public charging points are currently taxed at 20 per cent compared to 5 per cent when charging at home. Younger drivers, those living in flats or rental properties, and those without access to off-street parking are particularly impacted by the disparity in VAT charging rates. The research by EV charging company Gridserve found that 84 per cent of 18 to 24-year-olds and 76 per cent of 25 to 34-year-olds say they'd be more inclined to switch to an electric car under a more even tax structure. In cities where off-street parking is less available, drivers are especially keen to see a change in the VAT rate. Three in four Londoners say they'd switch to an EV sooner compared to the national average of almost half. Two in five drivers nationally called the disparity in VAT charging rates unfair. EV running costs are typically cheaper than combustion cars, but the cost of using public charging points is significantly higher than charging at home, where overnight energy tariffs and reduced VAT can see prices fall as low as 7p per kWh. Drivers with at-home charging save around £1,000 per year compared to those without home charging, and around £800 compared to typical internal combustion engine drivers. Gridserve CEO Daniel Kunkel said: 'Removing VAT from public charging would be a significant move towards levelling the playing field and making EV ownership easier for everyone, no matter where they live. The current disparity between the 20 per cent VAT on public EV charging and the 5 per cent on home charging puts a disproportionate financial burden on those without home charging facilities, which could affect more lower-income households. 'Ahead of the MPs debate on VAT rates set to take place on Friday, we urge the government to take this opportunity to demonstrate its commitment to fairness and climate action by supporting this bill and ensuring public charging is not only reliable and widespread but also equitable for all.'
The Irish Sun
2 days ago
- Automotive
- The Irish Sun
Major change impacting over 1.5million drivers could be confirmed TOMORROW – and saves you £200 a year
A HUGE change to motor laws could save drivers up to £200 - if Parliament approves it tomorrow. The major overhaul is expected to affect 1.5 million 2 A proposed change to motoring laws could save drivers hundreds of pounds Credit: Getty 2 The Government is planning to slash VAT when charging Electric Vehicles Credit: AFP On Friday, MPs will meet in the House of Commons to discuss slashing VAT when using electric charging points. The bill - named The Exemption from Value Added Tax (Public Currently, motorists pay 20 per cent VAT when charging According to data from Zapmap, EV drivers spend £1,690 on charging their cars per year. Read More on Electric Vehicles With the bill proposed by Labour, that cost could fall by a staggering £211 per year. Daniel Kunkel, the CEO at sustainable energy company GRIDSERVE, said: "Removing VAT from public charging would be a significant move towards levelling the playing field and making EV ownership easier for everyone, no matter where they live. "The current disparity between the 20 per cent VAT on public EV charging and the per cent on home charging puts a disproportionate financial burden on those without home charging facilities, which could affect more lower-income households.' It is hoped that the move will encourage more drivers to give up diesel and petrol cars for good, as the Labour government continues to pursue its Net Zero goal. Most read in Motors The UK has a legally binding obligation to hit the target by 2050, after the then-Prime Minister Theresa May signed the commitment into law. The plans to slash VAT costs for drivers come just days after Chancellor Rachel Reeves delivered her spending review. Top 5 takeaways from Spending review In her speech, the Chancellor said she would be injecting a staggering £300 billion into public services. The defence sector and the NHS were the biggest beneficiaries, with the National Health Service receiving a huge £29 billion cash boost. A staggering £39 billion will be injected into the housing sector, in a major drive to build social and affordable housing. The controversial Winter Fuel Payment cuts are being rolled back too, with three-quarters of pensioners being eligible for the seasonal payment once again. In a bid to support their Net Zero mission, the government also announced that construction would begin soon on a £14billion Sizewell C nuclear power plant - which will provide electricity for six million homes and create over 10,000 jobs.
The Sun
2 days ago
- Automotive
- The Sun
Major change impacting over 1.5million drivers could be confirmed TOMORROW – and saves you £200 a year
A HUGE change to motor laws could save drivers up to £200 - if Parliament approves it tomorrow. The major overhaul is expected to affect 1.5 million drivers across the UK. 2 On Friday, MPs will meet in the House of Commons to discuss slashing VAT when using electric charging points. The bill - named The Exemption from Value Added Tax (Public Electric Vehicle Charging Points) Bill - will be read for the second time in parliament tomorrow. Currently, motorists pay 20 per cent VAT when charging their electric vehicle, which means the new law could save drivers hundreds of pounds. According to data from Zapmap, EV drivers spend £1,690 on charging their cars per year. With the bill proposed by Labour, that cost could fall by a staggering £211 per year. Daniel Kunkel, the CEO at sustainable energy company GRIDSERVE, said: "Removing VAT from public charging would be a significant move towards levelling the playing field and making EV ownership easier for everyone, no matter where they live. "The current disparity between the 20 per cent VAT on public EV charging and the per cent on home charging puts a disproportionate financial burden on those without home charging facilities, which could affect more lower-income households.' It is hoped that the move will encourage more drivers to give up diesel and petrol cars for good, as the Labour government continues to pursue its Net Zero goal. The UK has a legally binding obligation to hit the target by 2050, after the then-Prime Minister Theresa May signed the commitment into law. The plans to slash VAT costs for drivers come just days after Chancellor Rachel Reeves delivered her spending review. In her speech, the Chancellor said she would be injecting a staggering £300 billion into public services. The defence sector and the NHS were the biggest beneficiaries, with the National Health Service receiving a huge £29 billion cash boost. A staggering £39 billion will be injected into the housing sector, in a major drive to build social and affordable housing. The controversial Winter Fuel Payment cuts are being rolled back too, with three-quarters of pensioners being eligible for the seasonal payment once again. In a bid to support their Net Zero mission, the government also announced that construction would begin soon on a £14billion Sizewell C nuclear power plant - which will provide electricity for six million homes and create over 10,000 jobs.
Scottish Sun
2 days ago
- Automotive
- Scottish Sun
Major change impacting over 1.5million drivers could be confirmed TOMORROW – and saves you £200 a year
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A HUGE change to motor laws could save drivers up to £200 - if Parliament approves it tomorrow. The major overhaul is expected to affect 1.5 million drivers across the UK. Sign up for Scottish Sun newsletter Sign up 2 A proposed change to motoring laws could save drivers hundreds of pounds Credit: Getty 2 The Government is planning to slash VAT when charging Electric Vehicles Credit: AFP On Friday, MPs will meet in the House of Commons to discuss slashing VAT when using electric charging points. The bill - named The Exemption from Value Added Tax (Public Electric Vehicle Charging Points) Bill - will be read for the second time in parliament tomorrow. Currently, motorists pay 20 per cent VAT when charging their electric vehicle, which means the new law could save drivers hundreds of pounds. According to data from Zapmap, EV drivers spend £1,690 on charging their cars per year. With the bill proposed by Labour, that cost could fall by a staggering £211 per year. Daniel Kunkel, the CEO at sustainable energy company GRIDSERVE, said: "Removing VAT from public charging would be a significant move towards levelling the playing field and making EV ownership easier for everyone, no matter where they live. "The current disparity between the 20 per cent VAT on public EV charging and the per cent on home charging puts a disproportionate financial burden on those without home charging facilities, which could affect more lower-income households.' It is hoped that the move will encourage more drivers to give up diesel and petrol cars for good, as the Labour government continues to pursue its Net Zero goal. The UK has a legally binding obligation to hit the target by 2050, after the then-Prime Minister Theresa May signed the commitment into law. The plans to slash VAT costs for drivers come just days after Chancellor Rachel Reeves delivered her spending review. Top 5 takeaways from Spending review In her speech, the Chancellor said she would be injecting a staggering £300 billion into public services. The defence sector and the NHS were the biggest beneficiaries, with the National Health Service receiving a huge £29 billion cash boost. A staggering £39 billion will be injected into the housing sector, in a major drive to build social and affordable housing. The controversial Winter Fuel Payment cuts are being rolled back too, with three-quarters of pensioners being eligible for the seasonal payment once again. In a bid to support their Net Zero mission, the government also announced that construction would begin soon on a £14billion Sizewell C nuclear power plant - which will provide electricity for six million homes and create over 10,000 jobs.
