Electric vehicles will be subject to a £165 vehicle excise duty (VED) charge from 2025
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.”
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