EV tax (VED changes) 2025

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Mo-mo

Original Poster:

139 posts

88 months

Saturday 11th May
quotequote all
Hi. I am looking to purchase a new EV soon via business contract hire. I understand EV cars will no longer be exempt from road tax and will be charged from April 2025 (https://www.gov.uk/government/publications/introduction-of-vehicle-excise-duty-for-zero-emission-cars-vans-and-motorcycles-from-2025/introduction-of-vehicle-excise-duty-for-zero-emission-cars-vans-and-motorcycles-from-2025).
My car will also be over the £40k threshold so will be liable for Expensive Car Supplement.

My question is when taking out a lease, road tax is usually included within the cost for the duration of the term. Will finance companies have taken this increased cost into account or will the extra charges be passed on to me separately?

I have asked lease company but they don't seem too sure.