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Luxury Car Tax MUST Change and Why I won’t buy an EV !

I need to get this off my chest. The Expensive Cars And Truck Automobile Import Tax Duty Supplement, much better called the Luxury Cars and truck Tax is presently set at ₤ 40,000. If you buy a car who's list price exceeds this amount then you will need to pay ₤ 3,100 over the first 6 years of ownership in Automobile Import tax Duty!

I also wanted to explain why I have actually not bought an electric automobile when I frequently evaluate automobiles and say how excellent they are!

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Comments

42 responses to “Luxury Car Tax MUST Change and Why I won’t buy an EV !”

  1. @SDK2006b Avatar
    @SDK2006b

    I bought a new BMW 520D Touring (G31) in 2017 and it came in just under the new £40k expensive car tax, costing £39.9k. Now you can get a mid range Skoda or Vauxhall for the same price. Also, according to the Bank of England inflation calculator , £40K in 2017, is now worth the same as £53.3k in 2025.
    I’m doing a Euro road trip in my EV this August – 2,500 miles. Doesn’t appear to be too much hassle ⚡😊

    Reply
    1. @askiff1415 Avatar
      @askiff1415

      Yes. We bought a 911 Carrera 4S with a few extra for £75k in 2006. The same car 911 992 C4S is now about £140k basic plus extras in todays money so ‘fun fact’ it hasn’t gone up it’s exactly the same price it was almost 20years ago. It’s still expensive but no more that it was.

      Reply
  2. @mikewallace1723 Avatar
    @mikewallace1723

    Same with income tax! They don’t increase the threshold. Stealth tax.
    My wife recently bought a new car. Ended up with a lower model and forgoing some extras. The ongoing savings are sufficient.Dealer said he was struggling to sell the next model up for this very reason.

    Reply
  3. @RoamingCumbria Avatar
    @RoamingCumbria

    Totally agree Pete. £40k threshold for luxury car tax needs increasing to £60k. The government needs to look into this ASAP. Also if the government continue to stick to an ICE ban from 2030, 2035 for Hybrids (yet to be defined) it’s going to give major problems for car manufacturers. Personally I think the ban needs scraping and give the motorist the choice of going petrol, diesel or electric. Also need big push in the charging infrastructure to give buyers more confidence.

    Reply
    1. @Caneandunable Avatar
      @Caneandunable

      I agree but Labour are Socialist’s and your money is their money.

      Reply
    2. @Adam-pt3cb Avatar
      @Adam-pt3cb

      It’s honestly a silly idea to scrap the ban. The reason they’re being banned is because the impact burning fossil fuels has on the environment. The push to electrification is a response to that, not the reason itself.

      Not sure why you think it’s going to create major problems for manufacturers. New market participants will create major problems but electric cars exist and many of them are really good.

      I agree and disagree about the need for more infrastructure. It will build confidence but it’s probably little more than a confidence trick. The vast vast majority of charging is done at home but the motoring public at large aren’t used to that concept. I strongly suspect a public charging company will go bust in the next couple of years, not because of a lack of EVs but because those EVs prefer to charge at home.

      Reply
    3. @Un-Apologetic Avatar
      @Un-Apologetic

      Luxury means LUXURY. It has to be cars above £100,000.

      Reply
    4. @johnnodge4327 Avatar
      @johnnodge4327

      There’s no need for a huge push for fast car chargers, as there are thousands of them all over the country that are hardly used. Went to Tesla at Cribbs Causeway last week, and it was pretty much empty, as it has been the other ½ dozen times I’ve been there over the last year. Exeter services has something like 60 chargers, but 50 of them are empty.
      What is needed are destination chargers, in every shopping centre, restaurant, pub, cinema, town centre car parks and the like. Those are more useful to someone spending many hours at those locations, and at sensible prices too. What we don’t need is more overly expensive rapid chargers.

      Reply
    5. @Hustwick Avatar
      @Hustwick

      A top spec Vauxhall Astra comes in at over £42k today. It’s madness.

      Reply
  4. @martinedwards7360 Avatar
    @martinedwards7360

    The UK government is trying to kill the motor trade in new cars. The threshold is way too low regarding the so-called luxury car tax. The used car market on those cars will be seriously affected. There’s no way I’d pay over £600 road tax on a used car. It’s crazy economics.

    Reply
    1. @johnnodge4327 Avatar
      @johnnodge4327

      People with cars that produce over 300 grams of CO2 per kM have been paying £600 VED every year for over a decade, for some it’s normal.

      Reply
    2. @stuartd9741 Avatar
      @stuartd9741

      Absolutely.
      this luxury tax is designed as a disincentive for ice vehicles.
      like the ice ban from 2030 on.
      ..
      The latter will have a slow drip drip on the starvation of new vehicle availability over the next 5 years…

      Reply
  5. @ianroper2812 Avatar
    @ianroper2812

    Over this last weekend, this particular subject was mentioned in the news. It went on to say that the government had taken notice from manufacturers and dealerships who have made exactly the same point as you’ve outlined. It was said that the government may drop the tax on EV’s.

    Reply
    1. @mikegregory8353 Avatar
      @mikegregory8353

      The government need every pound they can screw out of motorists. Don’t exempt EV owners any longer. We’ve subsidised em for years already.

      Reply
  6. @pm8465 Avatar
    @pm8465

    I’ve been paying this luxury tax since it started. Worked for 49 years, and to buy the car I wanted was one of the reasons. Now retired I’ve used my pension for it. I worked for it so should be able to buy what I want. Governments just want to claw everything back, any way they can. They penalise you for working.

    Reply
    1. @funkymonkey1198 Avatar
      @funkymonkey1198

      So you should stop paying tax?

      Reply
    2. @Adam-pt3cb Avatar
      @Adam-pt3cb

      ‘Retired person complaining about taxes’ is one of my favourite tropes. It’s closely followed by ‘retired person complaining about the NHS’…

      Reply
    3. @James_08_07 Avatar
      @James_08_07

      That’s not really how tax works, it’s more about discouraging behaviour.

      Reply
    4. @ThePedroDB Avatar
      @ThePedroDB

      @@Adam-pt3cb if you’re so happy about paying your taxes maybe you can pay @pm8465’s too…

      Reply
    5. @dannymccaig2755 Avatar
      @dannymccaig2755

      @@James_08_07 yeah and or trying to control you !

      Reply
  7. @chriswalker8378 Avatar
    @chriswalker8378

    You’ve already paid 20% vat on the new car & the roads are a mess

    Reply
    1. @RBcymru Avatar
      @RBcymru

      Road tax is not used for the roads but the NHS etc. Its a stealth tax. Also the thousands of £ in car damage clams from pot holes. My mates BMW lost a tyre and two alloys including tyres to pot holes, one on a motorway. It cost thousands plus a claim for loss of income which he got. Our councils are given money to fix the roads but spend it on other things like council houses and pay rises. Labour are far worse for this than anyone else.

      Reply
  8. @Phillc748 Avatar
    @Phillc748

    We just got a ‘new’ car, 2017 Audi S3 Cabriolet, no opf’s tax is okay, insurance very reasonable, and the car has character. I’m just frustrated by the completely overwhelming bongs/notifications and pumped sounds in new cars, being someone who struggles with distracting sounds. I fear I’ll be buying cars around the pre-2020 mark for as long as I can

    Reply
  9. @malcolmwatts53 Avatar
    @malcolmwatts53

    Car tax should only have two components: Weight and Emissions. The heavier the car, more damage to roads; the more pollution, more damage to the environment. Simples!

    Reply
    1. @Jackjhumphries7 Avatar
      @Jackjhumphries7

      That rules out every suv then good riddance because most people can’t drive them

      Reply
    2. @roboliver9980 Avatar
      @roboliver9980

      Emissions should be amended to include pollutants like nox

      Reply
    3. @lewisbrooke393 Avatar
      @lewisbrooke393

      Annual mileage?

      Reply
    4. @roboliver9980 Avatar
      @roboliver9980

      @@lewisbrooke393 perhaps for EVs but that’s what fuel duty and vat achieve for ICE vehicles.

      Reply
  10. @ViscountCharles Avatar
    @ViscountCharles

    I *dream* of paying £620 VED per year. I have a V6 R32; that’s over £750 these days. It’s not even particularly quick, when compared to what is out there now.

    I thought about swapping to an EV – an electric JCW MINI. But until MINI dropped the prices the spec I wanted was enough to put it into the luxury car bracket. Stuff that. So I’m still in the R32.

    Depreciation? I laugh at the concept. The R32 is 17 years old, and has done 180k miles. The best way to avoid depreciation is to run a car that is more than 5 years old (or like me, buy new and don’t sell it until it’s dead).

    Reply
  11. @bfvader Avatar
    @bfvader

    After living with our EV6 for the last two years and using it as our main car, my wife and I found ourselves waiting for whoever had the EV to get home so that we could go out and do our errands for “free” rather than burning gas on her GTI. That made selling it recently and getting a used Mini Cooper SE as a 2nd EV an easy decision. We now have our Mini for driving around town and the EV6 with its longer range and very fast charging for longer journeys or when we need more space. I don’t see us buying another combustion car again until maybe my son is old enough to drive and we pick up something cheap for him, but maybe an EV would be better there too…

    Reply
  12. @Steve-uu5tg Avatar
    @Steve-uu5tg

    Ive got a 2nd generation Taycan and its wonderful. No problems. Silent running and handles like its on rails. Fabulous !

    Reply
    1. @jonsnow6741 Avatar
      @jonsnow6741

      lol

      Reply
    2. @JamesSmith-qs4hx Avatar
      @JamesSmith-qs4hx

      Battery heath certificate? Better if EV owners get a Mental Health certificate.

      Reply
  13. @martyn1960 Avatar
    @martyn1960

    You could buy a £40,000 a car and in 3 years it could have lost 60 % of its value.
    If you then sold a 3 year old car the car would be worth around £16,000 and the next owner would be paying £1,000s in car tax over the next 3 years.
    The second hand market would be hit hard.
    Hope someone puts their brain into gear in the government before this stupid tax ruins the second hand market..

    Reply
  14. @Eli-vm7fn Avatar
    @Eli-vm7fn

    I heard a car reviewer say that driving an electric car is like dancing without the music. I just want to get into a car and drive without programming a computer and having the switches to hand without needing to look away. Driving is mostly about observation so why do designers make smaller windows and more blind spots. Those of us who remember the beautiful cars of the past years wish someone had the guts to make a drivers car that had great style.

    Reply
  15. @peterthwaites5891 Avatar
    @peterthwaites5891

    Very well debated Pete… The 40k “luxury tax” is agreeably killing car sales, EV`s especially! even more so killing the used EV market, unfortunately EV`s depreciate so rapidly that a 2 to 3 year old EV will be worth below 50% of its original sale price, yet you`ll still be paying “luxury tax”to 5 years old… You`d have to be out of your mind considering a used 40k plus EV until it`s at least 5 years old, BUT then you have the “battery conundrum” over 5 years it could be nearing it`s battery warranty ending? and certainly 5 to 10 years old they will become gradually more worthless as replacing that battery will now be way over the vehicles value, and at end of life YOU have to dispose of it, at a cost of???…

    Reply
  16. @andrewknight9080 Avatar
    @andrewknight9080

    Isn’t it interesting… My council tax increases each year by more than inflation yet the threshold for the luxury car tax hasn’t increased since its introduction. What a rip off!

    Reply
  17. @richardchester2148 Avatar
    @richardchester2148

    Great video. Just a quick heads up on your comment at 5:59, that I think if it’s a ‘zero emission vehicle’ AND registered before 1st April 2025 then it’s (currently) £195 that would be paid annually rather than the £620 ‘luxury tax supplement’… That’s until the government move the goalposts again (disgruntled Gen 1 RS e-tron GT owner here). Totally agree though, there needs to be a higher threshold for what are perhaps more appropriately classified as ‘luxury cars’ compared to the ever increasing list prices from brands that perhaps aren’t seen as luxury products..

    Keep up the great work!

    Reply
    1. @roberthansell957 Avatar
      @roberthansell957

      Yes I think you are correct, the ‘luxury car tax only applies to cars registered from 01/04/2025. Therefore a £60k Porsche ev car tax would be £195 providing it was registered before April, from what I understand.

      Reply
  18. @richfixescars Avatar
    @richfixescars

    I’m not sure it affects sales that much. Most over £40k cars are business leases with the road tax included in the price.
    Private buyers tend to buy cheaper cars, or could Personal lease with road tax included in the price.

    Reply
  19. @jamest5149 Avatar
    @jamest5149

    Same in Australia, luxury car tax was brought in to protect the local car industry of Ford and Holden, both closed years ago yet the tax remains. It’s almost impossible to ween off tax once it’s in place.

    Reply
  20. @nigelturner3251 Avatar
    @nigelturner3251

    Absolutely agree with you Pete. The 40k threshold limit hasn’t increased with inflation. It’s a con and counter-intuitive for driving sales.
    Specking up a new car is very hard if you are trying to stay under 40k. As for finding a used car with a few extras included is a thing of the past. Anybody would think the Government doesn’t want us to drive cars anymore.

    Reply

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