Is It Still Worth Buying an Electric Vehicle Post-Budget?
Are you still on the fence about buying an electric vehicle (EV) after the recent Budget changes? The introduction of a new tax, the Electric Vehicle Excise Duty (eVED), might have given some EV enthusiasts pause. But is it all doom and gloom for eco-friendly drivers?Key TakeawaysThe eVED will add 3p per mile to the running cost of electric vehicles from April 2028.Despite this new charge, EVs are expected to remain cheaper than petrol cars when charged at home.Petrol drivers may face increasing fuel costs due to rising inflation and the abolition of the 5p fuel duty cut in 2026.The announcement of a pay-per-mile tax for EVs might seem like bad news, but let's take a closer look. The new charge is set at 3p per mile, which will be adjusted annually with inflation. For those who clock up ar...