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UK EV Drivers No Longer Exempt From Vehicle Tax After 2025: British Chancellor

Started by Epoch-Times-Bot, Nov 18, 2022, 09:15 AM

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Epoch-Times-Bot

Nov 18, 2022, 09:15 AM
UK EV Drivers No Longer Exempt From Vehicle Tax After 2025: British Chancellor

British Chancellor of the Exchequer Jeremy Hunt announced on Thursday that electric vehicle (EV) owners will no longer be exempt from paying vehicle tax, beginning in 2025.
In his autumn statement, Hunt said the vehicle tax, known as vehicle excise duty (VED), will end in April 2025, in order to make the motoring tax system “fairer.”
“Because the OBR [Office for Budget Responsibility] forecasts half of all new vehicles will be electric by 2025, to make our motoring tax system fairer I’ve decided that from then, electric vehicles will no longer be exempt from vehicle excise duty.”
However, EV owners will stay pay less tax than those who drive conventional vehicles....

Source: UK EV Drivers No Longer Exempt From Vehicle Tax After 2025: British Chancellor

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