Motorpoint advises EV owners to re-tax their vehicles before April 2025, ahead of significant tax changes that could amount to around £620 in road tax. Research indicates an alarming 83% of electric vehicle owners are unaware of these upcoming changes, with many believing EVs should remain taxed lower than traditional vehicles. Government plans to alter tax incentives arose from the substantial revenue losses predicted, emphasizing a potential £35 billion financial gap due to the shift away from petrol and diesel cars. The call for greater governmental support for EV adoption remains strong among surveyed car owners.
EV owners are advised to re-tax before April 2025 to save nearly £200 as changes will charge them up to £620 in road tax.
Research shows that 83% of EV owners are unaware of impending tax hikes, highlighting the need for greater communication from the government.
Motorpoint's resident EV expert warns that as more vehicles electrify, the government faces a £35 billion tax deficit due to reduced fuel and road tax revenues.
A survey indicates that 80% of respondents believe the government should enhance measures to promote electric vehicle adoption during this transition.
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