Posted on 11/17/2022 8:57:20 AM PST by dennisw
End of the electric car gravy train: Owners will pay £165 a year in road tax from April 2025 and models that cost over £40k face an added 'Tesla tax' of £355 a year Electric vehicles no longer exempt from Vehicle Excise Duty from April 2025
EVs registered after April 1, 2017 will pay a standard annual rate of £165 Decision made to 'make our motoring tax system fairer',
All electric car drivers will pay £165-a-year in tax from April 2025 as Jeremy Hunt announced an end to tax exemptions for greener vehicles in his Autumn Budget
As part of plans to make the motoring tax system 'fairer', any electric vehicle (EV) registered after April 1, 2017 will be charged a standard Vehicle Excise Duty (VED) annual rate of £165.
Meanwhile the newest EVs registered from April 1, 2025 will pay the lowest 'first year rate of VED' which currently stands at just £10, but could go up by the time the tax comes into effect.
These vehicles will be subject to pay the £165-a-year standard rate from year two.
While up until now EVs have been exempt from the 'Expensive Car Supplement' - dubbed the 'Tesla tax' - for cars with a list price of over £40,000, this will also end in 2025.
From April 1, 2025 models exceeding £40,000 face an extra £355-a-year for five years on top of the standard £165 annual rate.
Forecast 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.'
Mr Hunt said company car tax rates will remain lower for electric vehicles than traditionally fuelled vehicles, but will increase by one percentage point for three years from 2025.
(Excerpt) Read more at dailymail.co.uk ...
Electric shock.
While paying these new taxes, EV owners will be still paying lower road taxes than average ICE automobile owners.
“Let me tell you how it will be.”
https://www.youtube.com/watch?v=byjPd28KegM
Righteous version!
The e-car will disappear, but the tax won't.
We STILL have a war on poverty, don't we ?
What ?
Goin' on 60 years or so, now ?
But what about their electric bill?
Don’t know if British tax their utility bills like they do here.
I’ve only ever heard the Beatles’ rendition of Taxman. That’s an interesting soul version by Parker. Quite enjoyable. Thanks.
Washington state wants to start a mileage tax. The rationale is they’re losing too much revenue from electric car owners who are avoiding the fuel tax. As Rush used to say, liberals believe all money belongs to them.
There’s no gravy train involved with EVs.
They cost a lot more to purchase, on the average some $10,000 for the low-end EVs, and likely some $50,000 more at the high-end, with the super-luxury EVs likely costing $70,000 more compared with the similarly equipped ICE version of the cars.
With the price of electricity going up, there won’t be substantial savings compared to what they would pay for the similarly equipped ICE model.
And, if EVs were ever to become the majority of vehicles on the road, you can bet that governments would be raising the taxes and fees on them. ICE cars would become the preferred choices, but, harder to get, and people would be stuck with the EVs that were no bargain to begin with.
It’s no longer a war on poverty.
It’s money laundering to support the massive administrative and infrastructure costs for those in the club, and anything left over will go to the poor, maybe.
An EV loses 1% of its charge every day. That means ~4 full charges a year are for nothing.
HAHAHA!!!
sucks to be them...
> Washington state wants to start a mileage tax. The rationale is they’re losing too much revenue from electric car owners who are avoiding the fuel tax. <
I live in a rust-belt state. Some politicians in my neck of the woods are talking about putting cameras on bridges (we have lots of bridges). Cross a bridge, get a bill in the mail.
So they’ve got you regardless of what you’re driving.
It’s about time, when will they do that here?
Yeah, I’m not a fan of EVs either.
Can see how my electric bill will rise to support an greenies pipe dream.
Well, there are plenty of good arguments against EVs, but that seems to be a pretty weak one since gasoline is also constantly being lost to evaporation.
I thought they would wait until they had everyone trapped in the EV Hell ,LOL
Gasoline is not lost to evaporation in a sealed tank.
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