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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.
The shift to Electric Vehicles is continuing at pace as the UK moves to net zero. Therefore from 2025, road tax will be introduced for EVs so all motorists begin to pay a fair share. Support for charging infrastructure is continuing. #AutumnStatement pic.twitter.com/LUiWOGcbUL
— HM Treasury (@hmtreasury) November 17, 2022
This breaking news story is currently being updated
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