Taking the C5X PHEV as an example and assuming the purchase is completed today, under the 2024/2025 VED rates, the Plus version will be charged £10 in the first year, £195 in the second year and in subsequent years £195 plus an increase based on the RPI, assuming no other changes to the rates are implemented. For the Max version which attracts the premium rate based on the list price, the first year rate will be £10 with £590 payable in the second to sixth years of taxation, again assuming no other changes are made to the rates.