I saw on another thread from a month ago or so it’s because you can finance one comparatively cheap, like 100 quid less per month, than other similar cars which means people are still buying them. Sorry I can’t find the link but also yes I agree with your statement.
It’s also because vehicle tax changed at the start of April. Any registered before April 1st this year you’d pay £0 tax a year on them, any after there’s a yearly tax.
Not quite. Even existing EVs (with some exceptions for older vehicles) will be charged the new basic VED rate of £195 when they are next due to renew (which could be in up to a year’s time).
What EV purchasers were trying to avoid was the expensive vehicle supplementary tax of £425/year for cars with a list price of over £40k, which EVs purchased/registered since the start of April are no longer exempt from.
As the vast majority of new EVs on the market fall into that price bracket (including all Teslas except the base tier Model 3), suddenly the yearly tax for most new EV purchases jumps from £195 to £620/year.
Assuming your Fiesta produces < 100g/km CO2, looks like you’ll now be paying £20/year (as it was manufactured before 2017, different rules apply) - could be worse!
That ain’t bad. Wonder if they’ll do an information campaign so people know, or just leave it like the changes to pedestrian priority in the highway code.
I saw on another thread from a month ago or so it’s because you can finance one comparatively cheap, like 100 quid less per month, than other similar cars which means people are still buying them. Sorry I can’t find the link but also yes I agree with your statement.
It’s also because vehicle tax changed at the start of April. Any registered before April 1st this year you’d pay £0 tax a year on them, any after there’s a yearly tax.
Not quite. Even existing EVs (with some exceptions for older vehicles) will be charged the new basic VED rate of £195 when they are next due to renew (which could be in up to a year’s time).
What EV purchasers were trying to avoid was the expensive vehicle supplementary tax of £425/year for cars with a list price of over £40k, which EVs purchased/registered since the start of April are no longer exempt from.
As the vast majority of new EVs on the market fall into that price bracket (including all Teslas except the base tier Model 3), suddenly the yearly tax for most new EV purchases jumps from £195 to £620/year.
Oh I misread it.
So my little 2014 ecoboost Fiesta will now not be £0 either?
Assuming your Fiesta produces < 100g/km CO2, looks like you’ll now be paying £20/year (as it was manufactured before 2017, different rules apply) - could be worse!
That ain’t bad. Wonder if they’ll do an information campaign so people know, or just leave it like the changes to pedestrian priority in the highway code.