following the Autumn Statement, EV owners will start paying Vehicle Excise Duty from April 2025.
If charged at the current rate of tax, this will cost EV owners £165 per year from the second year of car registration.
Many EV owners will also have to pay the expensive car supplement. This is currently set at £355 per year for cars with a list price of £40,000 or more in their second to sixth years of registration.
The combined £520 tax bill would "wipe out" the current difference in the running costs between EVs and petrol-fuelled cars, according to the experts.