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EV tax to drive up price of new petrol cars
Yahoo Finance· 2025-11-29 09:00
Rachel Reeves’s tax raid on electric vehicles is poised to push up the price of petrol and diesel cars as manufacturers ration them in order to meet net zero targets. One of Britain’s biggest dealership chains warned of “turmoil” in the industry after the Chancellor announced a new 3p pay-per-mile tax on electric cars, making them less attractive to buyers. Experts said that fewer people were likely to buy electric vehicles as a result – creating problems for the car industry, which is required to sell m ...