BONUS PODCAST: How The UK Budget Just Blew Up PHEVs and ICE Cars

EV News Daily - Technology and Business of EVs

The recent Autumn Budget, presented by Labour's Chancellor Rachel Reeves - the first female chancellor to present a budget in a red box - introduces significant changes to vehicle taxation and incentives in the UK.

The proposed changes are part of broader efforts to incentivize the transition to zero-emission vehicles as part of the government's environmental objectives. These modifications extend tax benefits for fully electric cars while increasing tax liabilities for other vehicle types like PHEVs and combustion cars.
➤ COMPANY CAR TAX BENEFITS
➤ VEHICLE EXCISE DUTY (VED)
➤ IMPACT ON HYBRID VEHICLES - TAX RATE INCREASES
➤ BUSINESS FIRST YEAR ALLOWANCES
➤ CONVENTIONAL VEHICLE CHANGES
➤ DOUBLE-CAB PICK-UP CHANGES
➤ BUSINESS SUPPORT AND INCENTIVES TAX ALLOWANCES
➤ LONG-TERM GOALS AND TARGETS