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Evening Standard
Evening Standard
Business
Neil Lancefield

New car tax rules could ‘undermine consumer confidence’ in EVs, Treasury warned

Changes to car tax rules could ‘undermine consumer confidence’ in electric vehicles (EVs) despite them remaining cheaper to own than petrol models, according to new research (Andrew Matthews/PA) - (PA Archive)

Car tax rule changes could “undermine consumer confidence” in electric vehicles (EVs) – despite them remaining cheaper to own than petrol models, according to new research.

Think tank the Energy and Climate Intelligence Unit (ECIU) said owners of the top 10 best-selling EVs will benefit from average annual savings of nearly £1,200 over the vehicle’s lifetime, mostly because running a car on electricity is generally cheaper than paying for petrol.

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