17 Dec Octopus EV to absorb new UK EV road tax
(Oilandgaspress) Octopus Electric Vehicles announced it will cover the new pay-per-mile tax for all existing customers – meaning no extra charges for drivers who have already made the switch to electric.
The tax, which was announced in the Autumn Budget 2025, will introduce a 3p per-mile charge for electric vehicles. It is supposed to come into effect in April 2028 and is designed to replace fuel-duty revenue as more drivers move away from petrol and diesel.
Customers currently on an Octopus EV lease, who completed an order by 28th November, will be fully protected from the new charge until the end of their lease. Octopus EV says nearly 20,000 drivers are set to benefit, ensuring no surprise costs undermine their move to cleaner transport.
“EV drivers should contribute to road upkeep, but fairly and at the right time. Until the details are finalised, we want our existing customers to know they won’t be affected. They made the switch early, and we’re rewarding that commitment by absorbing the new tax and keeping their costs steady,” said Gurjeet Grewal, CEO of Octopus Electric Vehicles.
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