UK drivers face significant VED fee hikes, with petrol car taxes up £503 and new fees for electric cars.

UK drivers will face higher Vehicle Excise Duty (VED) fees starting next spring, with new car tax bands increasing costs significantly, especially for high-polluting vehicles. The first-year VED rates will see an average increase of £417 per new car, with petrol car buyers hit the hardest, paying an extra £503 on average. Electric car buyers will see a small £10 fee for the first time, aimed at encouraging adoption.

November 28, 2024
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