Blow to electric car owners as plans to hit them with extra tax payments are revealed | The Sun
ELECTRIC car drivers could face forking out hundreds of pounds in a new tax – this is when you'll be affected.
Chancellor Jeremy Hunt has revealed drivers of electric cars and vans are likely to have to start paying road tax bills before 2025.
Electric vehicle owners currently don't pay the tax because they produce zero emissions – but the Treasury are considering making them pay vehicle excise duty (VED) from the 2025/26 financial year.
A Whitehall source claimed the new law for electric vehicles was inevitable and it will happen "at some point".
The Times reported a Government source said Jeremy Hunt was responding to "an emergency situation that will require tax rises and spending cuts to stabilise the markets and put our finances on a more sustainable footing".
An exemption for electric vehicle drivers paying VED was only guaranteed until 2025 – fives years before the planned 2030 ban on new petrol vehicles being sold.
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The proposed plan could however cost every household £14,700 according to new reports.
Most costs will be faced by business initially but others will hit families in lower profits and wages and higher taxation up until 2050, it claims.
Meanwhile public investment needed for charging points and electricity-generation infrastructure is put at £99billion.
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But the study says the biggest cost is buying new electric vehicles, which will be £188billion dearer than their petrol equivalents in total.
Officials are currently finding ways to ensure drivers who buy electric vehicles don't face a penalty immediately.
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