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Monday, September 23, 2024
less than a minute read
From 1 April 2025, significant changes to Vehicle Excise Duty (VED) will affect electric and low-emission vehicles, including those registered both before and after this date. The zero-tax band (Band A) will be removed, meaning owners of these vehicles will now need to pay VED, starting at £20 for older models and £190 for newer ones. The £10 discount for hybrid vehicles will also be scrapped. Additionally, the "expensive car supplement" for vehicles over £40,000 will now apply to electric models.
For electric car owners in Barnsley and across South Yorkshire, this announcement brings new costs. Previously exempt, electric vehicle drivers will now face standard VED charges, so it's worth budgeting for this in future car expenses. This move also highlights the government’s shift towards balancing the costs across all vehicle types as EV adoption increases. Make sure to stay updated with any further developments, as this will affect both individual car owners and businesses with electric fleets.
anycolourcar Limited is registered in England and Wales under company number: 12573459. Genn Lane, Barnsley, S70 6TF. anycolourcar Limited is authorised and regulated by the Financial Conduct Authority, under FCA number: 946186. We act as a credit broker not a lender. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. (Written Quotation available upon request). Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow) and this may or may not affect the total amount repayable. The lender will disclose this information before you enter into an agreement which only occurs with your express consent. The lenders we work with could pay commission at different rates and you will be notified of the amount we are paid before completion. All finance is subject to status and income. Terms and conditions apply. Applicants must be 18 years or over. We are only able to offer finance products from these providers. As we are a credit broker and have a commercial relationship with the lender, the introduction we make is not impartial, but we will make introductions in line with your needs, subject to your circumstances. anycolourcar Limited are registered with the Information Commissioners Office under registration number: ZA863807
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