Summary
The UK plans to introduce a new tax for electric and hybrid vehicle owners starting in April 2028. Electric car users will pay 3 pence per mile, and hybrid users will pay 1.5 pence per mile. The goal is to generate £1.4 billion in revenue.
Key Facts
- The tax applies to electric and plug-in hybrid vehicles.
- Electric car owners will be charged 3 pence per mile.
- Hybrid car owners will pay 1.5 pence per mile.
- The tax begins in April 2028.
- The tax rate will increase each year with inflation.
- The government expects to raise £1.4 billion from this tax.
- The amount collected is about half of the fuel duty paid by petrol car drivers.
- The Office for Budget Responsibility apologized for the leak of this information.
