Key Pay-per-Mile Update as New 'Cost' Warning Issued

New Monday 3p mile UK pay-per-mile update as 'cost' warning issued

The Government has been warned that Rachel Reeves' pay-per-mile electric vehicle tax, due in April 2028, could cost the UK economy billions and damage EV sales, according to industry experts

Key pay-per-mile update as new 'cost' warning issued

It is due to begin in April 2028 for drivers of electric and hybrid vehicles

Treasury warned EV pay per mile charge could cost £4.8bn

standfirst: Coalition of electric vehicle trade bodies write to minister asking for delay in Budget mileage charge, stating cost of rollout would exceed revenue raisedThe 3p per mile charge for electric vehicles (EVs), included in the Autum 2025 Budget is set to start from April 2028.From then, EV drivers will pay an electric vehicle excise duty (eVED) alongside their existing road tax, with the mileage charge payable each year, at 3p per mile a…

New EV tax could cost economy billions, association warns

The UK Government’s plan to introduce Vehicle Excise Duty for EVs (eVED) in 2028 could cost the UK economy up to £4.8 billion, a trade association has claimed.

EV pay-per-mile tax could cost more than it’s meant to raise

The proposed pay-per-mile tax on electric vehicles could cost the UK economy up to £4.8 billion, the Government has been warned. UK trade association BEAMA described the Electric Vehicle Excise Duty (eVED) as a “fiscal own goal” that will cost the UK economy more than it will raise in tax revenue. The body, which represents manufacturers in the electrotechnical sector, has joined forces with ChargeUK, REA and EVA England to call for a pause on t…

eVED "could cost the UK economy £4.8bn"

Bringing in the Electric Vehicle Excise Duty (eVED) in 2028 could cost the UK economy up to £4.8 billion under worst-case scenarios, according to UK trade association BEAMA. The cost would exceed the total revenue from the new tax policy, which is forecast to raise around £4.3 billion by 2031, and is based on BEAMA research revealing EV sales would collapse like in New Zealand when it introduced a pay-per-kilometre tax. In the latter case, sales…