The Price of the Electric Mile
Description
The source discusses the financial implications of a new pay-per-mile levy that the UK Budget will implement on electric vehicles (EVs) and hybrid cars starting in April 2028. Based on average mileage statistics, experts predict that the 3p per mile charge will cost fully electric vehicle drivers an estimated £243 extra annually. For plug-in hybrids, the tax will be 1.5p per mile, and a calculator has been developed to help motorists determine their specific yearly fees. Despite this additional expense, industry experts stress that EVs are still projected to have significantly lower total running costs than traditional vehicles. This claim is reinforced by the comparison that the predicted annual EV charge is less than half the approximately £600 yearly fuel duty currently incurred by petrol and diesel car owners.
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