Critics worry tax regime could discourage clean-vehicle demand.
The U.K. government announces a new-vehicle excise duty (VED) banding system for cars registered from April 1, 2017, with first-year rates varying according to the vehicle’s carbon-dioxide emissions. Under the changes, announced in Chancellor George Osborne’s summer budget, there will be a flat standard rate of £140 ($215) for all cars for subsequent years, except those emitting 0 g/km of CO2, for which the standard rate will be zero. Cars, including zero-emissions cars, ...
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