RICHARD MANSFIELD2
Active member
Hi.
I was not sure where to post this. I belong to a local classic car club, as a result I get a copy of FBHVC magazine. I copied and pasted this.
VED – if it moves…!
The media reports I quoted in the last Newsletter as a source
for Treasury intent to introduce a vehicle excise duty rate
(VED) for electric vehicles (EVs) were indeed accurate. It was
confirmed in the Chancellor’s Autumn statement that from 1
April 2025, all electric car owners will be required to pay the
standard rate of road tax VED, which is currently £165 per year.
EV drivers who own a car with a list price of £40,000 or more
will also pay the £355 premium car tax rate, which will take
their yearly VED rate to £520. If you thought this would only
affect those venturing into EV ownership in the future then you
would be wrong. The new electric car road tax rate will apply
to cars first registered on or after 1 April 2017, which means
it will be backdated to include millions of used EVs in the UK
but no further back. Owners of HV EVs can sigh with relief!
I Have been waiting for it to all back fire ...lol.
Regards
Richard.
I was not sure where to post this. I belong to a local classic car club, as a result I get a copy of FBHVC magazine. I copied and pasted this.
VED – if it moves…!
The media reports I quoted in the last Newsletter as a source
for Treasury intent to introduce a vehicle excise duty rate
(VED) for electric vehicles (EVs) were indeed accurate. It was
confirmed in the Chancellor’s Autumn statement that from 1
April 2025, all electric car owners will be required to pay the
standard rate of road tax VED, which is currently £165 per year.
EV drivers who own a car with a list price of £40,000 or more
will also pay the £355 premium car tax rate, which will take
their yearly VED rate to £520. If you thought this would only
affect those venturing into EV ownership in the future then you
would be wrong. The new electric car road tax rate will apply
to cars first registered on or after 1 April 2017, which means
it will be backdated to include millions of used EVs in the UK
but no further back. Owners of HV EVs can sigh with relief!
I Have been waiting for it to all back fire ...lol.
Regards
Richard.