Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he has made an assessment with Cabinet colleagues of (a) the number of cars being withdrawn from use or scrapped due to the introduction of higher rates of Vehicle Excise Duty for cars registered before 2017 and (b) the environmental impact of this.
To help meet the UK's legally binding climate targets, cars first registered between 1 March 2001 and 31 March 2017 pay VED annually according to CO2 emissions.
The Government expects the number of cars taxed under this system to decline over time, as people move to newer cars, including electric vehicles.