VED to apply to electric vehicles from 2025
Discussion
https://www.ft.com/content/405467f9-c3cd-4b4d-bc48...
For those who can’t get through paywall, key quotes below:
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“Electric cars are to be subject to vehicle excise duty for the first time under measures to be introduced by Jeremy Hunt, the UK chancellor, in this month’s Autumn Statement.
“People briefed on Hunt’s plans said that applying road tax to electric vehicles was the first sign of a chancellor “dipping a toe in the water” to address the fall in motoring tax revenues caused by the transition to battery-powered vehicles, as their owners also avoid paying fuel duty.”
“The introduction of excise duty, or VED, to electric cars could take effect from 2025-26, according to officials briefed on the plan, although the Treasury declined to comment on “speculation” ahead of the November 17 fiscal statement.”
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Be interesting to see if this is more than rumour.
For those who can’t get through paywall, key quotes below:
——
“Electric cars are to be subject to vehicle excise duty for the first time under measures to be introduced by Jeremy Hunt, the UK chancellor, in this month’s Autumn Statement.
“People briefed on Hunt’s plans said that applying road tax to electric vehicles was the first sign of a chancellor “dipping a toe in the water” to address the fall in motoring tax revenues caused by the transition to battery-powered vehicles, as their owners also avoid paying fuel duty.”
“The introduction of excise duty, or VED, to electric cars could take effect from 2025-26, according to officials briefed on the plan, although the Treasury declined to comment on “speculation” ahead of the November 17 fiscal statement.”
——
Be interesting to see if this is more than rumour.
For the full article: https://12ft.io/proxy?q=https%3A%2F%2Fwww.ft.com%2...
As an EV owner (amongst others!) it's probably about time this was done.
With others I'd say a combination of weight and/or size should be the basis. 3 ton 2.2m+ wide cars should be massively more to tax than a 1.7m wide 1.3 ton cars.
Kei car concept sort of stuff that seems to have helped in Japan (and created some proper oddball/visually offensive vehicles!)
With others I'd say a combination of weight and/or size should be the basis. 3 ton 2.2m+ wide cars should be massively more to tax than a 1.7m wide 1.3 ton cars.
Kei car concept sort of stuff that seems to have helped in Japan (and created some proper oddball/visually offensive vehicles!)
thompson9745 said:
Terminator X said:
Lol'ing at the EV owners and all their "dirt cheap" motoring.
TX.
100% this! Fk those virtue signalling sanctimonious TX.
s. 
Loads of EVs are company cars anyway, so until the BIK rules change from 1-5% to the 20-30% that petrol and diesels pay you won’t be seeing a reduction anytime soon
SWoll said:
Yeah, a couple of hundred quid a year VED in 3 years time really outweighs the thousands currently being saved in BIK tax and EV tariff electricity.
The funny thing is, there is no way they are going to introduce VED to Electric vehicles and not bump up petrol/diesel VED rates at the same time to incentivise.JD said:
SWoll said:
Yeah, a couple of hundred quid a year VED in 3 years time really outweighs the thousands currently being saved in BIK tax and EV tariff electricity.
The funny thing is, there is no way they are going to introduce VED to Electric vehicles and not bump up petrol/diesel VED rates at the same time to incentivise.If it happens, it'll be for new vehicles from a specific date. If you buy one next year, and all the used ones, it will probably continue to be £0.
The changes in March 2006 to bands L and M being huge (now £600 p.a. plus) were not retrospective. Neither was the change for cars registered after April 2017 to a flat rate.
The changes in March 2006 to bands L and M being huge (now £600 p.a. plus) were not retrospective. Neither was the change for cars registered after April 2017 to a flat rate.
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