Cash-Strapped Britain To Charge EV Owners Road Tax From 2025 | Carscoops carscoops
Thesays that from April 2025 EVs will lose their exemption from vehicle excise duty , the levy on all motorized vehicles most Brits know as “road tax”.
Chancellor Jeremy Hunt is struggling to fix a massive financial hole in Britain’s finances partly resulting from a disastrous mini-Budget announced only weeks ago by his predecessor. Kwasi Kwarteng’s plan for massive unfunded tax cuts spooked financial markets, sending the pound plummeting and interest rates soaring.
Owners of petrol and diesel cars pay different VED rates depending on their vehicle’s CO2 output, while EV owners have so far enjoyed driving on British roads without paying any tax at all.
Rates for electric cars will still be lower than those for heavily polluting combustion vehicles, and company car tax rates will remain lower for electric vehicles, Hunt saying he would limit the increases to 1 percent every year from 2025.
Most Brits, though, were probably expecting the move at some point given that the country is banning the sale of new combustion vehicles from 2030. Those tax pounds have got to come from somewhere. But there is still once option available to drivers determined to use the roads without paying a fee: buy an old car. Vehicles over 40 years old are exempt from both road tax and the annual MOT road worthiness test.
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