'Significant portion' of British drivers to be 'punished' by new £410 car tax hike

Motorists will be 'punished' by new car tax charges (Image: Getty) Millions of motorists are set to be “punished” as a result of new Vehicle Excise Duty (VED) car tax changes introduced within months. Electric car owners will be forced to pay VED from April 2025 with motorists who own expensive vehicles also liable for the so-called “luxury car tax” fee. The rule means any motorist owning a vehicle over £40,000 will have to pay an extra £410 per year.

However, the high price tag of electric models means almost all EV owners will be caught out by the extra fee . function loadOvpScript(){let el=document.createElement('script');el.

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Log('[Load] OVP tcfLoaded',new Date())})}},1500)}) Currently, a whopping 31 percent of motorists are currently caught out by the ‘luxury’ charge. READ MORE 'Great deal' of petrol and diesel owners set to save money under new tax The ma.