EV Grants Bigger than £3.7K and Cheaper Charging to Offset Incoming Taxes

EV grants bigger than £3.7K and cheaper charging to offset incoming taxes

Ministers are considering cheaper on-street EV charging or boosting the electric car grant in a bid to soften the blow of higher taxes on electric vehicle drivers in the Budget next month, The i Paper understands. It comes as Rachel Reeves is looking at increasing taxes on EVs in the Budget as the Treasury aims to ensure all drivers pay their fair share. The Chancellor is understood to be drawing up a range of options, including levies on the we…

EV adoption uncertainty can be attributed to tax changes

Almost half of UK drivers (45%) say EV taxation has influenced their decision to go electric, according to Close Brothers Motor Finance. The survey comes after the UK government’s changes to Vehicle Excise Duty and the Expensive Car Supplement. Most EVs are no longer fully exempt from road tax. John Cassidy, MD of Sales at Close Brothers Motor Finance, said: “Ahead of the Autumn Statement, these findings show that while drivers are keen to switc…

Nearly half of UK drivers rethink new EV plans as car tax changes bite

The erosion of taxation benefits for electric vehicles is impacting buyer decision when considering making the switch, according to new consumer data.