Connect with us

Hi, what are you looking for?

Right Decision NowRight Decision Now

Business

Think tank says tax cars based on their weight

Transport & Environment’s research results suggest that smaller cars could reduce the requirement for raw materials such as lithium, manganese, cobalt and nickel by almost a quarter.

Smaller cars could ease the demand for battery materials such as cobalt, lithium, nickel and manganese by almost a quarter, according to the Transport & Environment think tank

A green transport organization has alerted that the trend for cars with greater weight is boosting the call for metals required in electric car batteries.

Transport & Environment, a thinktank, has suggested that a reduction in the size of cars could reduce the predicted requirement for battery resources, such as cobalt, lithium, nickel and manganese, by up to a fourth. They are advocating for the UK government to impose a taxation system based on weight for the heaviest cars and the largest models, as well as introducing tax incentives for small electric vehicles.

The UK saw a 44 percent surge in sales of sports utility vehicles among electric vehicles in 2020. Generally, the heavier the car, the greater the battery size for it to have the same range. To prevent further growth in this direction, it is necessary to put a stop to this trend.

Read more:
Think tank says tax cars based on their weight

    You May Also Like

    Business

    The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...

    World News

    BEIJING — China landed an uncrewed spacecraft on the far side of the moon on Sunday, overcoming a key hurdle in its landmark mission...

    World News

    LONDON — Talks aimed at reaching a global agreement on how to better fight pandemics will be concluded by 2025 or earlier if possible,...

    World News

    SINGAPORE — Ukrainian President Volodmyr Zelensky’s unscheduled appearance at Asia’s biggest security conference dominated proceedings on Sunday after China’s defense chief slammed “separatists” in...

    Disclaimer: rightdecisionnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 rightdecisionnow.com | All Rights Reserved