Electric Shock: Rising Costs for UK’s EV Owners!

Electric vehicle folks, brace yourselves! Starting tomorrow, Ofgem's energy price cap will jump by 6.4%, meaning your charging suite is about to swell by £2.84 million per month for all 1.2 million of you in the UK. This comes alongside the delightful news that EV owners will now pay a £195 Vehicle Excise Duty annually, losing their tax-free advantage. With rising energy prices, many Brits wonder if now is the time to buy that e-scooter instead. Charge at home and look for off-peak tariffs if you can. A government move for a “fairer” tax system feels more like a financial knee-jerk, especially in an uncertain economic climate!