Autumn Statement: Road Tax on electric cars risks slowing the take-up of EVs

Publication featured in:

  • Bad news for UK’s plan to achieve net zero

Paul Daly, Partner in our Manchester office, says: “It’s going to be increasingly difficult to get people to switch to electric cars if they are more expensive to buy than petrol or diesel cars and no cheaper to run.”

“Saving several hundred pounds a year in Road Tax is a meaningful incentive to switch to electric. Once that’s gone an electric car is less appealing to many.”

“Along with the phasing out of grants, the sky-high price of electricity and the costs of finance as interest rates rise, the money involved in having an electric car has become a real problem for a lot of households.”

“If the Government is serious about net zero the EV market will require more support than this.”

Let's talk! Send an enquiry to your local UHY expert.