Editor's Pick

Think tank says tax cars based on their weight

<?xml encoding=”utf-8″ ?????????>

Transport & Environment’s research results suggest that smaller cars could reduce the requirement for raw materials such as lithium, manganese, cobalt and nickel by almost a quarter.

Smaller cars could ease the demand for battery materials such as cobalt, lithium, nickel and manganese by almost a quarter, according to the Transport & Environment think tank

A green transport organization has alerted that the trend for cars with greater weight is boosting the call for metals required in electric car batteries.

Transport & Environment, a thinktank, has suggested that a reduction in the size of cars could reduce the predicted requirement for battery resources, such as cobalt, lithium, nickel and manganese, by up to a fourth. They are advocating for the UK government to impose a taxation system based on weight for the heaviest cars and the largest models, as well as introducing tax incentives for small electric vehicles.

The UK saw a 44 percent surge in sales of sports utility vehicles among electric vehicles in 2020. Generally, the heavier the car, the greater the battery size for it to have the same range. To prevent further growth in this direction, it is necessary to put a stop to this trend.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:

TheProficientInvestor.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top