New car tax bands and rates 2024 with changes every driver should be aware of

manchestereveningnews.co.uk:

With a new tax year rolling in, motorists across the country will see changes to bills affecting their cars. Some of the key changes taking place from April 1 include an increase to Vehicle Excise Duty (VED) which will increase in line with inflation at around 6 per cent.

Meanwhile, a major change to electric cars may offset many of the previous tax benefits of having one. Increases in cost in the new tax year will vary depending on the type of vehicle you have.

Those with older petrol and diesel cars will likely see less drastic rises than newer vehicles with higher CO2 levels. Read more: Drivers set to save £50 on fuel as duty cut extended in Spring Budget Andy Wood, a tax expert from Tax Natives, explained: "The impending rise in Vehicle Excise Duty (VED) rates will substantially impact drivers of petrol, diesel, and hybrid vehicles across the UK.

Starting April 1, these drivers may face notably higher annual expenses in line with the Retail Price Index (RPI) inflation. "This means that individuals relying on traditional fuel types may need to allocate additional funds to their vehicle taxes, potentially amounting to hundreds of pounds.