A list of 59 luxury car models set to be hit with a massive £2,000 increase in Vehicle Excise Duty (VED) under the new Labour Party Government has been revealed. Owners of luxury and performance cars that emit over 255g/km of CO2 will be hit hardest by the tax rise, with rates skyrocketing to £5,490 annually. From April 2025, while standard road tax will only go up by inflation, those purchasing vehicles post this date emitting over 75g CO2 per kilometre will face a steep rise in their first-year road tax bill.
In a bold move, the Labour Party plans to double first-year road tax rates across all higher CO2 bands, aiming to boost the treasury by £400 million next year and a huge £1.7 billion by the end of the decade, reports Birmingham Live . The budget briefing document mentions, "The government recognises the disproportionate impact of the current VED Expensive Car Supplement threshold for those purchasing zero-emission cars and will consider raising the threshold for zero-emission cars only at a future fiscal event, to make it easier to buy electric cars.
" A notable list includes high-CO2 models like Alfa Romeo Stelvio 2.9 V6 Bi-Turbo, various Audi sports models such as the R8 and RS series, Aston Martin's DB12, DBX, Vantage, along with Bentley's Bentayga and Continental among others. Full list of new cars producing over 255g/km of CO2 Alfa Romeo Stelvio 2.
9 V6 Bi-Turbo Audi R8 5.2 FSI V10 Audi RS6 4.0 TFSI V8 Audi RS7 4.
0 TFSI V8 Audi RSQ8 4.0 TFSI V8 Audi S8 4.0 TFSI .
