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Topic: Electric Vehicles to Lose Tax-Free Perk
Tom Simpson
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Electric Vehicles to Lose Tax-Free Perk
on: January 28, 2025, 18:33

From 1st April 2025, electric vehicles (EVs) will no longer be exempt from “Vehicle Excise Duty VED”. New EVs will pay £10 in the first year and £195 annually after that. Do you have an EV that’s worth over £40,000? You’ll also face the expensive car supplement of £410 for five years.

TIP: If you’re considering an EV, factor these costs into your budget.
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