Publisher's Synopsis
Excerpt from The Motor Industry, Its Growth, Its Methods, Its Prospects, and Its Products: With an Indication of the Uses to Which Motor Vehicles of All Kinds Are, or Could Be Advantageously Applied
Lastly, we have the class Of legislation which makes it expensive to be the possessor and user of a motor vehicle. Taxation of the motor owner on a strictly moderate scale may be justifiable, but directly such taxation becomes really high, it discourages the develop ment of the industry and, furthermore, directs it into wrong channels. Thus, for example, the scheme of taxing motor vehicles on the basis of the horsepower of their engines necessarily depends on some arbitrary formula for the assessment of the power. The adoption of such a formula, in turn, encourages undue stress to be laid by manufacturers on SO arranging matters as to bring their vehicles within a category, the taxation of which is low. °this almost inevitably entails a bad in?uence on designers, who are encouraged to work with a View to getting round the formula rather than with the object of developing the most perfect engine possible.
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