Owners of luxury and high-performance vehicles might need to hit the brakes as they face a significant increase in vehicle excise duty.A newly released list has identified 59 fuel-thirsty cars that will be hit with a £2,000 road tax rise.
Starting April 2025, cars emitting over 255g/km of CO2 will bear the brunt of the hike.On the other hand, standard road tax rates are expected to rise only slightly in line with inflation.Buyers considering a new car post-April 2025 with emissions exceeding 75g per kilometre of CO2 should prepare for a hefty road tax bill.
The first-year road tax is where the impact will be most felt, potentially seeing rates double for those in the higher CO2 bands.
These aggressive tax strategies are projected to generate £400m next year, with a staggering £1.7bn expected to flow into government funds by the end of the decade, according to Birmingham Live, reports the Mirror.
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