
Review the Expensive Car Supplement and whether it only applies to genuinely luxury vehicles. Consider Raising the £40,000 threshold or exempting EVs and hybrids, as many family cars can now exceed this price due to inflation and technology costs. Ensure VED policy is fair and supports EV adoption.
Rachel Reeves
Chancellor
Review the Expensive Car Supplement and whether it only applies to genuinely luxury vehicles. Consider Raising the £40,000 threshold or exempting EVs and hybrids, as many family cars can now exceed this price due to inflation and technology costs. Ensure VED policy is fair and supports EV adoption.