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Evening Standard
Evening Standard
Business
Simon Hunt

Jeremy Hunt’s new ‘Tesla tax’ to add hundreds of pounds to electric vehicle running costs

The Tesla Lucid Air

(Picture: Tesla)

Jeremy Hunt has introduced a “Tesla Tax” on new electric cars, adding hundreds of pounds to the running cost of the eco-friendly vehicles and sparking concerns that road users could be put off buying an EV.

In his Autumn Statement, the chancellor removed the exemption for EVs from the £335 “premium supplement” on new cars. That means that any person buying an EV worth £40,000 or more could have to pay a whopping £520 for road tax, despite being the greenest option

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