Electric car drivers face £500 hit as insurance and tax bills rise
By Paul Homewood
Just wait till they have to pay their share of fuel duties!
Cost of owning EV to soar as Government struggles to meet charging point targets
Electric car drivers face paying £500 a year more to keep their vehicles on the road as insurance premiums shoot up and tax charges kick in.
The average cost to insure an electric car rose by £313 year on year in November, growing from £616 to £929 in the space of 12 months, according to price comparison site Compare the Market.
Meanwhile, looming car tax changes will force owners to eventually pay an extra £180 a year in vehicle excise duty (VED).
Zero-emission vehicles are currently exempt from VED, with the tax levied on petrol and diesel vehicles using public roads. But this will change from April 2025.
Electric car owners will be liable to pay the standard rate of £180 a year, in a move which the Government says will “ensure all drivers begin to pay a fairer tax contribution”.
New electric cars registered on or after April 1, 2025, will pay £10 in the first year, before then going onto the standard £180 rate.
The Treasury predicts the expansion of the tax regime will be worth an additional £515m in 2025-26, £985m in 2026-27 and almost £1.6bn in 2027-28.
April 2025 will also bring an end to the “expensive car supplement” exemption for electric vehicles.
The tax, which costs £390 annually for five years after buying a car valued at £40,000 or more, will apply to around half of all electric vehicle models at current prices.
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NOT A LOT OF PEOPLE KNOW THAT 
Hmm. So we can look forward to £1.6 billion coming off other taxes then, right?
😂
Unlikely if Kneeler Flip-flop Starmer is PM after all he is banking on non-doms being as stupid as he is and staying around to be fleeced of £2bn a year after the first year.
The estimates of extra tax revenue probably assume a massive increase in the number of EVs being registered each year which isn’t going to happen. If it did happen the treasury would probably loose more than £1.6billion in fuel duty.
and to power them, Renewables output in 2023 enough to power all UK homes says ‘the “Engineer” headline’ (Sarc) or more exactly ‘would theoretically have been enough to meet the demand’ .. such is the aptitude of that Mag. https://www.theengineer.co.uk/content/news/renewables-output-in-2023-enough-to-power-all-uk-homes
Based on information from the ECIU – funded by all the usual ecofascists.
It’s ironic that EVs are presumably exempt because they have a smaller CO2 and pollution footprint. The truth is they are not necessarily cleaner when you look up and downstream of their life on the road. Looking beyond VED there is the looming tax on charging to further ramp up EV running costs.
I’ll stick with my ICE car thanks.
This is good news.
I resent having to pay £295 tax pa for a small and old ICE which only does under 3000 miles pa. This is totally unfair – especially as it’s well-serviced and I bought it second-hand. I feel too that local tradespeople shouldn’t have to pay too much extra – they mostly seem to be using EVs in the best possible way and tend to have smaller vehicles which do low mileage. My plumber friend only uses his for going to work around town – he has an ICE car for everything else.
Those big SUVs should be taxed by weight and tyre size as well as the rates mentioned in the article. They smash up the roads more than small cars and still pollute heavily with brake and tyre particulates – both of which are far worse for the environment and humans breathing it in. To add to it, and in my experience, the driving of many SUVs leaves a lot to be desired. They don’t even fit in regular parking spaces.
Oh dear…. AND they should pay extra for the massive increase in axel weight which comes with their virtue signalling monsters as they MUST be degrading roads