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Originally Posted by Pierre
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Tax incentives are what they are. In the case of EVs they absolutely were about ‘saving the planet’ as that was the stated policy aim. Whether you believe the policy was effective is neither here nor there. Chancellors don’t give out tax discounts for no reason.
It is also the case that tax incentives designed to drive a change in consumer behaviour or kick-start a new product/market/service will come to an end when the benefit of doing so is outweighed by the need to collect the tax. This isn’t the first such ‘pump-priming’ tax incentive to come to an end and it won’t be the last.