Luxury Car Owners Face £5,690 Annual Tax Hike from April 1
Drivers of 59 high-polluting vehicles from top automotive brands are set to face a significant increase in their Vehicle Excise Duty (VED) from April 1, with annual fees rising to a staggering £5,690. This move, announced by HM Treasury, targets cars emitting over 255g/km of CO2, doubling the first-year rates and imposing an additional £200 hike this spring.
Substantial Increase in VED Rates
The tax overhaul sees annual fees for the most polluting cars jump from £2,745 per year to £5,490 initially, with a further increase to £5,690 from April. This change is part of a broader effort to curb emissions and encourage the adoption of greener vehicles. The list of affected models includes popular luxury and performance cars from renowned manufacturers such as Audi, Ford, Range Rover, and Mercedes.
Full List of Impacted Vehicles
The comprehensive list of cars emitting over 255g/km of CO2 includes:
- Alfa Romeo Stelvio 2.9 V6 Bi-Turbo
- Aston Martin DB12 4.0 V8
- Aston Martin DBX 4.0 V8
- Aston Martin Vantage 4.0 V8
- Audi R8 5.2 FSI V10
- Audi RS6 4.0 TFSI V8
- Audi RS7 4.0 TFSI V8
- Audi RSQ8 4.0 TFSI V8
- Audi S8 4.0 TFSI V8
- Audi SQ7 4.0 TFSI V8
- Audi SQ8 4.0 TFSI V8
- Bentley Bentayga 4.0 V8
- Bentley Continental 4.0 V8
- Bentley Continental 6.0 W12
- Bentley Flying Spur 4.0 V8
- BMW Alpina XB7 4.4 V8
- BMW M8 4.4 V8
- BMW X5 M 4.4 V8
- BMW X6 M 4.4 V8
- BMW X7 M 4.4 V8
- Chevrolet Corvette Stingray 6.2 V8
- Ferrari Purosangue 6.5 V12
- Ferrari Roma 3.8T V8
- Ford Mustang 5.0 V8
- Ford Ranger 2.0 TD EcoBlue
- Ford Ranger 3.0 EcoBlue
- Ford Ranger 3.0 V6
- INEOS Grenadier 3.0P
- Jaguar F-Pace 5.0 P575 V8
- Jeep Wrangler 2.0 GME
- Lamborghini Huracan 5.2 V10
- Lamborghini Revuelto 6.5 V12
- Lamborghini Urus 4.0 V8 BiTurbo
- Land Rover Defender 110 5.0 P425 V8
- Land Rover Defender 90 5.0 P425 V8
- Lotus Emira 3.5 V6
- Maserati Levante 3.0 V6
- Maserati Levante 3.8 V8
- Maserati MC20 3.0 V6
- McLaren GT 4.0T V8
- Mercedes-Benz AMG GT 4.0 V8
- Mercedes-Benz G400D
- Mercedes-Benz G63
- Mercedes-Benz GLC63
- Mercedes-Benz GLE63
- Mercedes-Benz GLS63h
- Mercedes-Benz SL55
- Porsche 718 Cayman 4.0 GT4
- Porsche 911 3.7T 992 Turbo
- Porsche Cayenne 4.0T V8
- Porsche Macan 2.9T V6
- Range Rover 4.4 P530 V8
- Range Rover 4.4 P615 V8
- Range Rover Sport 4.4P V8
- Rolls-Royce Cullinan 6.75 V12
- Rolls-Royce Ghost 6.75 V12
- Toyota Hilux 2.8D
- Toyota Land Cruiser 2.8D
- Volkswagen Amarok 3.0 TDI
Implications for Drivers and the Automotive Industry
This tax hike is expected to impact luxury car owners significantly, potentially influencing purchasing decisions and encouraging a shift towards more environmentally friendly vehicles. The increase reflects ongoing government efforts to address climate change and reduce carbon emissions from the transport sector. Drivers of these high-performance models should prepare for the financial implications, as the new rates take effect in the coming weeks.
