Four Taxes Affecting Hybrid Car Owners After the Budget
Yahoo News highlights four taxes introduced that will affect hybrid vehicle drivers.
1. eVED (Electric Vehicle Excise Duty)
A newly introduced charge called eVED imposes a 1.5p per mile fee on hybrid car owners. The government expects the average driver to incur additional costs through this mileage-based tax.
2. Other Potential Tax Increases
Along with eVED, hybrid drivers may face other tax implications, but the specifics depend on government policy changes post-budget.
"The new tax for hybrid owners is expected to increase running costs," the government stated, emphasizing the push toward environmental taxation.
Impact on Hybrid Owners
These taxes are designed to encourage a shift from hybrid vehicles toward fully electric alternatives by increasing the cost of driving hybrids that still rely partly on fossil fuels.
Author's summary: New mileage-based and other taxes introduced post-budget could raise running costs for hybrid car owners, signaling a governmental nudge toward fully electric vehicles.
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