*This project has been closed for the current Financial Year, but may be revisited next year.*
Background and Challenge
The transition of electric vehicles from the early adopter to the mass market phase will inevitably have a range of significant fiscal impacts including on the consumer, Government and vehicle manufacturers. The scale of impact is likely to vary throughout the period leading up to the end of sale of diesel and petrol passenger cars and vans in 2030/5, as the volume of electric vehicles on the roads continues to rise.
At a high level, Zemo Partnership will map out the current fiscal landscape for electrical vehicles (incentives, subsidies, costs, etc), examine how this is likely to change and identify key tipping points as the sector moves towards 2030.
Objectives
- To identify key ‘tipping points’ in EV growth in the UK that warrant a change in fiscal policy.
- To make recommendations for a sustainable fiscal policy for all stakeholders, identifying areas that are not sustainable including national and local government incentivisation policies.
Actions and Outputs
- Perform desktop research to determine market overview and forecasts.
- Construct an internal high-level ‘fiscal flow’ model.
- Host a stakeholder workshop.
- Publish a discussion paper outlining a fiscal roadmap to market self-sufficiency for review with members.
Timeline
May 2021 – November 2021