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Monday, September 23, 2024

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DVLA Announces New Tax Rules for Electric and Hybrid Vehicles

DVLA Announces New Tax Rules for Electric and Hybrid Vehicles

DVLA Announces Vehicle Tax Changes for Electric and Low-Emission Vehicles

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.

What This Means for South Yorkshire Drivers

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.com

Any colour car Limited is registered in England and Wales under company number: 12573459 The Old Garage Genn Lane, Worsbrough, Barnsley, England, S70 6TF. Any colour car 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) this will not affect the rate you are offered or the amount you will pay back. The lenders we work with could pay commission at different rates. 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. Any colour car Limited are registered with the Information Commissioners Office under registration number: ZA863807. Specifications: The data displayed on our listings details the usual specification of the most recent model of this vehicle. It is not the exact data for the actual vehicle being offered for sale and data for older models may vary slightly. We recommend you check the vehicle details with the seller before you buy.

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