luxurycartax on Birmingham Dailyhttps://birminghamdaily.co.uk/tags/luxurycartax/Recent content in luxurycartax on Birmingham DailyHugo -- gohugo.ioen-usTue, 21 Apr 2026 05:26:42 +0000Rachel Reeves Raises EV Tax Threshold, Exempts 116 Models from £440 Luxury Chargehttps://birminghamdaily.co.uk/rachel-reeves-raises-ev-tax-threshold-exempts-116-models-from-440-luxury-charge/Tue, 21 Apr 2026 05:26:42 +0000https://birminghamdaily.co.uk/rachel-reeves-raises-ev-tax-threshold-exempts-116-models-from-440-luxury-charge/The Labour Party Chancellor, Rachel Reeves, has confirmed a significant change in Vehicle Excise Duty (VED) policy benefiting electric vehicle (EV) owners. From April 1, the Expensive Car Supplement (ECS), an additional £440 annual charge often dubbed the “luxury car tax,” will no longer apply to electric cars costing up to £50,000. Previously, this threshold stood at £40,000. This adjustment means that 116 different EV models across 23 ranges, priced between £40,000 and £50,000, are now exempt from the luxury car tax, offering substantial savings to approximately 475,836 drivers.