Electric vehicle owners are currently exempt from paying the standard VED rate of £165 per year, but those first registered between 1 April 2017 and 31 March 2025 will require owners to pay the standard rate. exemption from the expensive car supplement – which charges owners of cars costing more than £40,000 an additional £355 per yearZero- and low-emission vehicles registered between 1 March 2001 and 30 March 2017, and which are currently in tax band A, will move to band B .
Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, said:"We recognise that all vehicle owners should pay their fair share of tax, however, the measures announced today mean electric car and van buyers – and current owners - will face a significant uplift in VED. "The introduction of taxes should support road transport decarbonisation, and the delivery of net zero, rather than threaten both the new and second-hand EV markets.
"We look forward to working with government on how to transition the market and ensure the tax framework on road users supports this objective.”
Poor headline, the figure is very unlikely to be £165 in 2025.
Knew that was coming
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