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If I buy a new PHEV at more than £40k what will the VED be?

If I buy a plug in hybrid worth £46,000, how do I stand with road tax?

Asked on 12 April 2023 by kevin

Answered by David Ross
If you buy a new plug-in hybrid today costing £46,000, you will pay the first year's VED based on its emissions - this is £10 for cars emitting between 1-50g/km CO2, £30 for cars emitting 51-75g/km and £130 for cars emitting 76-90g/km.

Then from the second year to the sixth year you will pay the flat rate for alternative fuel vehicles of £170 plus the premium rate because your car cost over £40,000 when new, which means a total of £560 a year - assuming that VED rates aren't increased again within that period.

You can read more about the latest VED rates and check prices by searching the vehicle registration in our guide here: www.honestjohn.co.uk/cheap-road-tax/

Our honest used car pricing is a little bit different to all the others. You can get to our values through make or model - you don’t have to follow a prescribed route. Plus, it’s live, which means we can react to changes in the market quicker than any printed price guide.

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