Electric Vehicles: VAT

(asked on 7th May 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of changes to vehicle tax for electric and low emissions vehicles from 1 April 2025 on the number of purchases of those vehicles.


Answered by
Gareth Davies Portrait
Gareth Davies
Exchequer Secretary (HM Treasury)
This question was answered on 13th May 2024

From April 2025, electric and hybrid cars, vans and motorcycles will begin to pay VED in the same way as petrol and diesel vehicles. The anticipated impact is summarised in the Policy Costings document that was published alongside Autumn Statement 2022, and can be found here: https://assets.publishing.service.gov.uk/media/6375caf8e90e072848403c47/Autumn_Statement_2022_Policy_Costings_.pdf (p. 24).

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