It is now July ’08, less than 18 months to go to the year 2010. In 2010 the
UK government has legislated that the new V.E.D (Vehicle Excise Duty)
Tax will come into effect.
To sum up this new V.E.D. tax it simply means that if you bought a new car between March 2001 and March 2006, or if you now own a car first registered between these dates, if your car presently emits more than 186grams of carbon dioxide per kilometre then this new tax system affects you, (disappointment No.1).
For a standard car the annual road tax is approx. £120, if your car emits more than the accepted current lower rate of 120g of CO2 then you WILL be affected by this new taxation system. We are not just talking about so called “Chelsea tractors” or big engined luxury cars but ordinary family cars and estates like the Ford Mondeo and Renault Espace. Dependant on your vehicle your annual road tax could rise to £300 in 2009 and continue on to a whopping £430 in 2010, (disappointment No.2).
All the above has been well documented during the past months but if you are one of those unlucky owners, how does it affect you, apart from the tax increase? The government is hoping that all owners of cars with high CO2 emissions will trade them in and buy newer less polluting cars; you will now have noted that these politicians of ours still inhabit their own little world, (still based around John Lewis’s!). The first thing you will notice when you try to trade in your current vehicle is the price you will be offered for your trade-in; after all why should the car salesman offer you a full trade-in price for a car he’s likely unable to pass on, (disappointment No.3).
If you’re thinking of buying your first hybrid (possibly fuel-electric at approx. £18000+) car then consider this, a hybrid such as the Toyota Prius will cost you approx. an extra £5000 compared to a non hybrid similar car, the extra premium paid for the hybrid version will, according to motor trade sources, take you an extra 5 years to pay off. So after being forced to sell the car you thought you’d keep a few more years your annual motoring costs have now been forced up even more, (disappointment No.4). With a worldwide recession looming many families will not be able to afford to do anything, which will mean they won’t be able to keep running their cars with the current high cost of fuel and punitive car tax, this will lead to the eventual scrapping of their car, for anyone living in a rural area this could have a tremendous effect on their everyday lives.
Now all of the above applies only if you have a vehicle with carbon dioxide emissions which exceed government stipulated targets. Wouldn’t it be nice to by-pass all those new regulations, keep your existing vehicle and only pay the lowest tariff of the new V.E.D.?
Yes it is possible and you can also increase your mpg by anything between 30-60% or even more. The answer lies in the Water4gas fuel conversion system which practically eliminates all carbon gas emissions, reduces engine wear and helps prevent global warming and improves the environment.
Bill