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Electric vehicles will be charged Vehicle Excise Duty (VED) from April 2025, chancellor Jeremy Hunt has confirmed.

Reading the Autumn Statement in the House of Commons, Hunt said the move would make the motoring tax system “fairer”.

A social media post from the Treasury added that the change will ensure “all motorists begin to pay a fair share” and that government support for the charging infrastructure would continue.

Currently, electric vehicle owners are exempt from the standard VED rate of £165 annually. 

Benefit-in-kind tax on electric company cars will increase to 3% in April 2025, rising 1% each consecutive year, to 5% in 2027/28.

 

 

This breaking news story is currently being updated



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