quote:
The Chancellor has announced electric vehicles will no longer be exempt from Vehicle Excise Duty from April 2025 to make the motoring tax system "fairer".
Half of cars are predicted to be electric by that point, Hunt said, adding that company car tax rates would remain lower for electric cars.
I suspect a backlash and a drop in EV sales.
quote:
Originally posted by Slimy38
quote:
The Chancellor has announced electric vehicles will no longer be exempt from Vehicle Excise Duty from April 2025 to make the motoring tax system "fairer".
Half of cars are predicted to be electric by that point, Hunt said, adding that company car tax rates would remain lower for electric cars.
I saw this coming years ago. There's no way they could make cars fossil fuel free by 2040, but not then get tax from somewhere.
but will the tax affect the cars already on the road, or just new ones from april?
previously when car tax rates have changed, they keep the bracket they started in, hence my daily car is still £30/year,
if this is the case, now is the time to buy an electric car...
separately from my above reply,
did you know charging at home attracts the 5% fuel vat,
whereas commercial charge points attract 20% vat.
As an EV owner, I knew that it was bound to happen eventually. If it's like previous road tax changes, it will only apply to cars bought new
after a set date (unless they get really nasty - but I wouldn't be totally surprised if they try that trick).
I can't see how they can get tax for EV 'fuel' - for example, during the sunnier days of the year, our cars mostly get charged from
solar PV. The only possible way is tax per mile, which would be a logistical nightmare to enforce.
quote:
Originally posted by David Jenkins
I can't see how they can get tax for EV 'fuel' - for example, during the sunnier days of the year, our cars mostly get charged from solar PV. The only possible way is tax per mile, which would be a logistical nightmare to enforce.
quote:
Originally posted by David Jenkins
As an EV owner, I knew that it was bound to happen eventually. If it's like previous road tax changes, it will only apply to cars bought new after a set date (unless they get really nasty - but I wouldn't be totally surprised if they try that trick).
They have also said that EVs will be liable for the "luxury vehicle" tax, for anything over £40k - which covers many EVs at the moment. As
one commentator has said, look out for EVs with a list price of £39,995 when the deadline comes along.
This is where the Chinese car makers will clean up, with cars like the MG4 and the Ora Cat, which are both well below £40k in decent spec. Their
manufacturers are already very experienced in making small, reasonably-priced EVs - if the European makers don't pick up their game then they are
going to be in serious trouble (correction - more trouble than they're already in).
[Edited on 18/11/22 by David Jenkins]
To be honest uk road tax is buttons compared to other European countries. I pay 80 quid a month for a 12 year old petrol car here in Holland.
quote:
Originally posted by coyoteboy
I suspect a backlash and a drop in EV sales.