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UK Friends of the Earth calls for carbon-linked car purchase tax
29th Febuary 2008
Among other environmental policies urged for the next Budget by Friends of the Earth yesterday was a purchase tax on new cars to accelerate the shift to buying low carbon vehicles. Other European countries have adopted such policies; in December 2007 the French parliament voted in a ‘bonus malus’ system penalising purchasers of cars emitting over 160 g/km of CO2 and incentivising buyers of lower-emitting cars.
Analysis of the new French system’s fiscal effects during December-January by the Le Monde newspaper of 8th February suggested it had cost the French state €50.6m – the incentives involved a loss of €65.7m in vehicle excise duty, while the penalties involved brought in €15.1m.
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