'Road tax' is coming... but not for cyclists — chancellor Jeremy Hunt will reportedly announce in next week's Budget that electric car owners will have to pay vehicle excise duty for the first time
Pay attention to discourse around cycling for long enough online, down the pub, on radio phone-ins or talk shows and you are sure to hear mention of 'road tax' eventually, but it is not cyclists who are going to be asked to pay vehicle excise duty by Jeremy Hunt in next week's Budget.
The news comes as the Bank of England warned we could be facing a two-year recession, the longest on record, but is likely to be controversial as it will be a disincentive for motorists to switch to electric vehicles. Emission-free vehicles are exempt from the £165 standard VED rate and the £335 premium supplement for vehicles costing more than £40,000, and the Treasury fears more people switching to electric could result in £7 billion lost in VED and £27 billion in lost fuel duty.Road tax or Vehicle excise duty is a tax collected by the DVLA, with vehicle owners paying at least the first year based on the CO2 emissions of their vehicle.
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