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18 Nov
14:07

UK government to tax electric vehicles from 2025

The UK government has decided to tax new and existing electric vehicles from April 2025, as part of new Chancellor Jeremy Hunt’s plan to tackle the cost-of-living crisis and rebuild the economy, Kallanish reports. EVs have been subject to a zero Vehicle Excise Duty (VED) rate in both the first year after registration and in subsequent years for some time. The policy has helped incentivise the switch but left a revenue gap of around £7 billion ($8.24 bi…
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