Overview
- Official SMMT data show 80,614 used pure electric cars changed hands in Q3, giving battery EVs a 4.0% share of the UK used market, up from 2.8% a year earlier.
- Multiple outlets report Chancellor Rachel Reeves is expected to outline a 3p‑per‑mile levy on electric cars at the 26 November Budget, with consultation and rollout targeted for 2028.
- The Treasury says road‑pricing options are under review and any decisions will be announced at fiscal events, noting fuel duty is forecast to raise about £24.4bn in 2025/26.
- Reports describe a system where drivers estimate annual mileage and pay alongside Vehicle Excise Duty, with top‑ups if they exceed it, no GPS tracking, and MOT checks floated by experts for verification.
- Industry and motoring voices warn the plan could slow EV uptake, push insurers to scrutinize mileages and premiums, and, per SMMT, risk reducing nearly‑new EV supply if ECOS tax changes proceed.