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RE: LeoThread 2025-01-30 12:14

in LeoFinance9 months ago

Part 3/7:

For electric vehicles registered between March 1, 2001, and March 31, 2017, they will transition into a tax band that requires owners to pay £25 per year. This change marks a small bump in the costs for older EVs that previously had zero obligations.

Newer Electric Vehicles (Post-March 2017 Registration)

Most current electric vehicles, specifically those registered from April 1, 2017, to March 31, 2025, will incur an annual cost of £195 once the tax change takes effect. This reflects a move towards aligning electric vehicles with more traditional vehicles in terms of taxation.

Furthermore, if you happen to renew your tax in March 2025, you may manage to secure a year of tax-free driving, creating an incentive for some to act swiftly prior to the deadline.