💨 Abstract

As of April 1, electric vehicle (EV) owners in the UK will no longer be exempt from paying vehicle excise duty (VED). This means an initial £10 fee for the first year, followed by a standard rate of £195 annually. Additionally, a luxury car tax supplement of £425 will be imposed on EVs with a list price of £40,000 or more for years two to six after registration.

Courtesy: metro.co.uk

Summarized by Einstein Beta 🤖