Do you drive an EV? Use this loophole before 1 April to push Rachel Reeves' £195 car tax hike back a YEAR
3 weeks, 5 days ago

Do you drive an EV? Use this loophole before 1 April to push Rachel Reeves' £195 car tax hike back a YEAR

Daily Mail  

Labour will launch a massive car tax sting on Britain's drivers this year - but for electric vehicle owners there is a way to defer costs for almost 12 months. Rachel Reeves in October told MPs during her Autumn Budget statement that wholesale changes to Vehicle Excise Duty will raise £400m a year How much car tax will EV owners pay from April 2025? EVs registered between 1 April 2017 and 31 March 2025 Owners of existing EVs registered between 1 April 2017 and 31 March 2025 - electric cars that have until now evaded VED costs - will be forced to pay the standard VED rate of £195 from 1 April. Buyers of new EVs costing more than £40k from 1 April 2025 will be subject to the 'expensive car supplement' additional tax, dubbed a 'Tesla tax' New EVs over £40,000 hit for £620 Not only will all EV owners face car taxation for the very first time, any new battery-powered model registered after 1 April that is priced above £40,000 will also be subject to the 'expensive car supplement'. The DVLA confirms: 'New electric and zero emission vehicles registered on or after 1 April 2025 with the list price exceeding £40,000 will attract the standard rate, plus the expensive car supplement for the first 5 years from the start of the second licence.'

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History of this topic

Rachel Reeves' April tax grab on EVs triggers huge scramble for new battery cars in February
1 week, 4 days ago

Rachel Reeves' April tax grab on EVs triggers huge scramble for new battery cars in February

Daily Mail  

Registrations of new cars fell by 1 per cent last month, official figures show, but electric vehicle sales soared by two fifths as drivers scrambled to beat Labour's April tax grab on battery-powered models. Its Model 3 saloon was the second most popular new car in the month with 1,990 registrations February's best-selling new car was the Mini hatchback, which …

Labour's car tax hike of up to £620 for EVs from April will be another stranglehold on demand, motor sector bosses warn
1 month, 1 week ago

Labour's car tax hike of up to £620 for EVs from April will be another stranglehold on demand, motor sector bosses warn

Daily Mail  

Massive tax hikes for electric vehicles introduced by Labour on 1 April will further stall demand for battery cars in Britain and add another major hurdle for manufacturers to meet binding green sales thresholds. Massive tax hikes for EVs from 1 April 2025 will further stall demand for battery cars in Britain and add another major hurdle for manufacturers to …

Car tax set to rise in April for drivers of certain new vehicles
1 month, 2 weeks ago

Car tax set to rise in April for drivers of certain new vehicles

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. In an attempt to drive consumers towards electric cars while widening the gap between …

Car tax hikes coming in April that 'majority of Britons don’t know about’
1 month, 2 weeks ago

Car tax hikes coming in April that 'majority of Britons don’t know about’

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Here is …

Car tax hikes coming in April that 75% of Britons are unaware of: Some drivers pummelled by £2,745 increase
1 month, 2 weeks ago

Car tax hikes coming in April that 75% of Britons are unaware of: Some drivers pummelled by £2,745 increase

Daily Mail  

Millions of drivers are unaware of major car tax increases coming into force in a matter of months that will see some motorists stung an additional £2,745, new research has suggested. The Autumn Budget document revealed that Rachel Reeves will DOUBLE first-year VED rates for new petrol and diesel models, meaning road tax costs as high as £5,490 for the …

Car tax set to rise in April for drivers of certain new vehicles
Trending News
1 month, 2 weeks ago

Car tax set to rise in April for drivers of certain new vehicles

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. In an attempt to drive consumers towards electric cars while widening the gap between …

Reeves under pressure to scrap £2k tax on electric cars
3 months, 2 weeks ago

Reeves under pressure to scrap £2k tax on electric cars

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rachel Reeves is under pressure to scrap plans to impose a …

The Budget that doubled-down on EVs: Chancellor promises low BiK rates, cheaper road tax and more chargers
4 months, 2 weeks ago

The Budget that doubled-down on EVs: Chancellor promises low BiK rates, cheaper road tax and more chargers

Daily Mail  

The Chancellor has reaffirmed Labour's bid to 'support take-up of electric vehicles' in today's Budget with a raft of announcements to boost demand as the government doubles down on its green commitments. Low BiK rates are a huge benefit of EVs and make them perfect for company cars - and the Chancellor has now committed to maintaining this EV company …

Labour's pre-Halloween nightmare: The SIX taxes Rachel Reeves could hike in 'painful' Autumn Budget on 30 October as Chancellor mulls targeting inheritance, pensions and council tax and fuel duty to p
6 months, 2 weeks ago

Labour's pre-Halloween nightmare: The SIX taxes Rachel Reeves could hike in 'painful' Autumn Budget on 30 October as Chancellor mulls targeting inheritance, pensions and council tax and fuel duty to p

Daily Mail  

Sir Keir Starmer and Rachel Reeves could impose a series of tax hikes on Britons over the coming months from inheritance to pensions and capital gains to savings. Here, MailOnline looks at five taxes the Government could raise in the Budget: CAPITAL GAINS TAX Capital gains tax is charged on the profit made from financial assets such as shares or …

Labour’s electric car push risks running out of road as fiscal realities hit home
7 months ago

Labour’s electric car push risks running out of road as fiscal realities hit home

The Telegraph  

Rachel Reeves has an electric car problem. Reeves herself has warned this will require painful choices – but with EV sales already slowing in the UK, experts now fear the Chancellor risks slamming on the brakes with a series of sharp tax rises. This month, industry figures revealed that EV sales had grown by just 10pc in the first seven …

Seven in ten electric vehicles will be stung with the additional £410-a-year 'luxury car' premium tax when VED exemption ends next year
7 months, 2 weeks ago

Seven in ten electric vehicles will be stung with the additional £410-a-year 'luxury car' premium tax when VED exemption ends next year

Daily Mail  

The end of electric vehicle car tax exemptions from next year could kill off demand for greener cars in Britain, a new report is warning. Auto Express said it will 'create further cost barriers' preventing the switch to battery cars In the Autumn Budget of 2022, former Chancellor Jeremy Hunt announced that electric cars will no longer be exempt from …

EVs face road tax charges from next year - here's what's changing and how much you'll have to pay
9 months, 3 weeks ago

EVs face road tax charges from next year - here's what's changing and how much you'll have to pay

Daily Mail  

Here's our guide to the changes and other tax updates you need to know One of the big benefits of electric vehicles – that helps keep running costs down – is they're exempt from many taxes, including road tax. From 1 April 2025 zero-emission and low emission vehicles will have to start paying VED in the same way as internal …

Why Biden’s EV tax credit could become hard to claim
1 year, 3 months ago

Why Biden’s EV tax credit could become hard to claim

Live Mint  

The Biden administration hopes to use generous tax credits to boost electric-vehicle sales and push automakers away from Chinese suppliers. The number of EVs for which car buyers can claim the tax credit has already been whittled down by other requirements in the 2022 Inflation Reduction Act, including a provision that eligible vehicles must be assembled in the U.S. Tesla …

EV on-street public charging costs jump by as much as 24% - here's why
1 year, 3 months ago

EV on-street public charging costs jump by as much as 24% - here's why

Daily Mail  

A recent decline in domestic energy prices has seen the cost of charging an electric vehicle become less expensive for many drivers of battery models. EV owners without driveways stung by on-street charging seasonal price uplift: The cost to plug into the slowest public device at the roadside jumped by 24% last month, the AA says The motoring group's monthly …

Why Britain’s electric cars risk driving into a ‘massive black hole’
1 year, 9 months ago

Why Britain’s electric cars risk driving into a ‘massive black hole’

The Telegraph  

The Government is pushing drivers to go electric to meet its net zero targets – yet as it solves one problem, another moves into view. Killing off the combustion engine means missing out on these revenues as the electricity used to charge up electric cars is not taxed in the same way as petrol or diesel. The looming loss of …

Charge drivers by the mile to replace tax lost to EVs, says thinktank
1 year, 9 months ago

Charge drivers by the mile to replace tax lost to EVs, says thinktank

Daily Mail  

Drivers should be charged on a per-mile basis to ensure Treasury coffers are topped up once electric cars become mainstream, according to a new report presented to MPs on Wednesday. The think tank's Future of Motoring paper warns that the Treasury faces a '£25billion fiscal black hole' in annual receipts from fuel duty when motorists switch from petrol and diesel …

DVLA is 'wasting hundreds of thousands a year' sending tax reminders to EV owners
1 year, 11 months ago

DVLA is 'wasting hundreds of thousands a year' sending tax reminders to EV owners

Daily Mail  

The Government has been accused of squandering hundreds of thousands of pounds a year sending unnecessary tax reminders to electric car owners who don't pay vehicle excise duty. Despite battery electric vehicles being exempt from taxation due to their zero-emission status, owners still receive letters notifying them to login to the government site to register tax on their cars. The …

Four ways the Autumn Statement affects motorists and electric cars
2 years, 3 months ago

Four ways the Autumn Statement affects motorists and electric cars

Daily Mail  

Chancellor Jeremy Hunt's most controversial Autumn Statement announcement for motorists was the ending of VED exemption for electric cars, with owners forced to pay road tax from April 2025 The cost of running an electric car is set to rise dramatically from 2025 after Chancellor Jeremy Hunt announced today that zero-emission vehicles will lose exemption from road tax within three …

Electric cars to lose vehicle excise duty exemption
2 years, 3 months ago

Electric cars to lose vehicle excise duty exemption

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Electric vehicles will no longer …

Autumn Budget 2022: Jeremy Hunt introduces 'Tesla tax' on electric cars to make motoring 'fairer'
2 years, 4 months ago

Autumn Budget 2022: Jeremy Hunt introduces 'Tesla tax' on electric cars to make motoring 'fairer'

Daily Mail  

All electric car drivers will pay £165-a-year in tax from April 2025 as Jeremy Hunt announced an end to tax exemptions for greener vehicles in his Autumn Budget. As part of plans to make the motoring tax system 'fairer', any electric vehicle registered after April 1, 2017 will be charged a standard Vehicle Excise Duty annual rate of £165. Chancellor …

Drivers are challenging Victoria's electric vehicle tax, arguing it may be unconstitutional
3 years, 6 months ago

Drivers are challenging Victoria's electric vehicle tax, arguing it may be unconstitutional

ABC  

Two electric car drivers have launched a High Court challenge to Victoria's tax on electric vehicles, arguing the state's levy is unconstitutional. Key points: The levy taxes electric vehicle drivers between 2 and 2.5 cents per kilometre Lawyers argue the state government can't impose levy consumption taxes Electric vehicle owner Kathleen Davies says the tax is unfair on those trying …

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