Drivers Urged to Re-tax Electric Cars Before April 1 Deadline

Martin Lewis, the financial guru, has shared a critical loophole for electric vehicle (EV) owners to save on Vehicle Excise Duty (tax) before new charges take effect on April 1. He advises drivers to re-tax their EVs on GOV.UK now, as doing so while it's still free can extend their tax exemption for another year. This tip is particularly relevant as EV owners will soon face an annual duty of around £200 starting next month. Lewis emphasized that this re-taxing can be done even if it has only been a short time since the last tax was paid, making it accessible for many drivers. With approximately 1.4 million EV drivers in the UK, this advice could lead to substantial savings for many. As the tax landscape changes, Lewis's insights aim to help motorists navigate these new financial obligations effectively.