Overview
- Multiple outlets report the Chancellor is expected to outline a 3p-per-mile EV charge in the 26 November Budget, with implementation after consultation from 2028 under a VED+ model.
- The reported design aligns with annual vehicle excise duty, requiring drivers to estimate yearly mileage and top up if they exceed it, with hybrids facing a lower rate.
- Estimates cited in coverage suggest up to six million EVs could be affected by launch, typical owners might pay about £250 a year, and revenue could reach around £1.8 billion by 2031.
- HM Treasury has not confirmed specifics, saying tax decisions are made at fiscal events and declining to comment on speculation.
- Parallel measures advance on charging access and costs, with DfT guidance mandating chargepoints in new covered car parks and the VOA set to levy business rates on charging bays from April 2026 as industry groups press for VAT cuts and funding to keep prices down.