Electric Cars to Pay Road Tax in Britain From 2025
- Decision marks reversal in policy meant to spur EV adoption
- EVs will still have lower company car tax rates, Hunt Says
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The UK is set to introduce road taxes on electric cars from 2025, Chancellor of the Exchequer Jeremy Hunt said, ending an exemption that was intended to spur adoption of zero-emissions vehicles.
EVs will no longer be exempt from vehicle excise duty, Hunt said during Thursday’s Autumn Statement as he unveiled a series of tax rises and spending cuts designed to plug a £55 billion ($65 billion) hole in Britain’s public finances.