Tax plan would force up car prices by €1,500, industry group warns

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New car prices will rise by an average of €1,500, with some of the more popular family models receiving a price hike of up to €2,800, if changes proposed by Tax Strategy Group are adopted in Budget 2022, an industry group has warned

Volkswagen Group Ireland, which is the biggest seller of EVs across its brands, said the proposals would add €4,100 to the price of its popular ID.3 family electric car., Simi director general, described the TSG proposals as retrograde, regressive and running counter to efforts to materially reduce transport emissions.

“It is entirely unconscionable that the retrograde step of effectively increasing VRT on electric vehicles and low-emitting cars is under consideration when we are at such a critical juncture in driving down emissions from transport. The motor industry, while currently operating at recession levels in terms of new car sales, is now emerging from the pandemic and is a sector that is vital to the economy, as the second-highest contributor to retail consumer expenditure.

Motorists already face a rise in fuel prices from October 13th due to increases in carbon tax, which will add 2.5 cent to a litre of diesel and 2.1 cent to a litre of petrol.with its membership comprising senior officials and political advisers from a number of Civil Service departments and offices.

 

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What a way to completely kill a market. Buying a new car would be completely ludicrous.

Brought to you by greenparty_ie EamonRyan and their facilitators FineGael & FineFail. They won’t be happy until you haven’t a penny and are taxed to death

Come election time we shall remember....

We will all be paying for the cost of endless restrictions, hotel prisons for travellers, which ZeroCovid supporters cheered for even after vulnerable got vaccinated. These measured affected travel, tourism, entertainment industries, while ISAG Zeroids kept their secure jobs

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