"Electric vehicle (EV) drivers got a shock in the Budget when chancellor Rachel Reeves announced that they would be charged a pay per mile tax for their motor from April 2028. Driving an EV has benefits over a petrol or diesel car as charging at home can work out cheaper than filling a tank, plus there are tax benefits through company car schemes."
"with the UK average petrol price at 1.37 per litre, a petrol car returning 40 miles per gallon (mpg) costs around 15.5p per mile to run. In contrast, an electric car returning four miles per kiloWatt-hour (kWh) and charged at the current average UK domestic electricity cost of around 26p per kWh will cost around 6.5p per mile. From 2028, the proposed pay per mile tax would add 3p per mile to the EV cost, making it around 9.5p per mile."
A 3p-per-mile electric vehicle excise duty (eVED) will be introduced from April 2028 and will be uprated by inflation annually. The Treasury estimates a driver doing 8,000 miles a year will pay about £20 per month or £240 annually, roughly half the average petrol or diesel fuel duty cost. Upfront EV purchase prices are often higher than petrol or diesel equivalents, but domestic electricity rates typically make running costs lower. Example calculations show petrol at about 15.5p per mile versus an EV at about 6.5p per mile before the 3p charge, leaving EVs cheaper when charged at home.
Read at www.independent.co.uk
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