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The Independent UK
The Independent UK
Business
Marc Shoffman

Is it still worth buying an electric vehicle after tax changes made in the Budget?

Is it still worth buying an electric car? 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. But EV drivers may find themselves in a jam from April 2028 when a new charge of 3p per mile is introduced called the electric vehicle excise duty (eVED).

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