alt Hacker NewsAnother approach is to incentivise middle to high income earners like Australia has done re novated leases on EVs being exempt from fringe benefits tax.
Lower income people aren't buying new cars, they buy second hand.
So be incentivising others to purchase new EVs over combustion, it creates a supply for the second hand market in 5-10 year horizon for those lower income earners. And while subsidies are in place for new models, this further pushes down the price of used EVs.
It'll be interesting what happens to Australias second hand EV market when the subsidies end in 2029.
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I agree with what you're saying, I also suspect that governments will tax ics at a certain point, not only to get rid of them but also because they can get away with it because the whole population isn't impacted.
So I'm concerned about a time where the rich have EVs, the poorest haven't, and the government are taxing ics.
I'd like to see some kind of Keighley car standard to get cheaper EVs on the market. Here in Europe we have quadricycles, but the speeds are limited to only make them useful for cities.
>high income earners like Australia has done re novated leases on EVs being exempt from fringe benefits tax.
UK did somethin like that with ZEV Mandate. Salary Sacrifice, almost zero BiK, 100% tax writeoff, no road and luxury tax. All this resulted in flooding the market by luxury 100K pound German EVs, which all ended up on second hand marked 2-3 years later when leases ended breaking depreciation records.
Harry Metcalfe video about this scheme from 2024 https://www.youtube.com/watch?v=DwUDR8WTTKQ