Significant Changes Shaping the Future of the EV Market

The 2025 Autumn Budget has introduced significant changes that will shape the future of the electric vehicle (EV) market in the UK. With rising costs and new taxation policies, many homeowners and drivers are asking: Is switching to an EV still a smart move in 2025 and beyond? At E.R Electrical, we believe the answer is a resounding yes – but with a few important considerations. Here’s everything you need to know to make an informed decision.

Key Takeaways from the 2025 Budget for EV Owners

The government has announced several updates that will impact EV ownership, both now and in the years to come:

1. Electric Vehicle Excise Duty (eVED): Starting in April 2028, EV owners will be taxed based on mileage:
2. Full EVs: ~3p per mile
3. Plug-in hybrids: ~1.5p per mile
   For a typical EV driver covering 8,500 miles annually, this could mean an additional cost of around £255 per year.
   
   
4. EV Grants Extended: Grants for eligible new electric vehicle purchases remain available, helping to offset upfront costs.

Are Electric Vehicles Still Worth It in 2025 and Beyond?

The short answer is yes, especially if you:

• Charge at Home:
  Home charging is significantly cheaper than public charging. With energy tariffs designed specifically for EV owners, you can cut costs even further.
  
  
• Drive Moderate Mileage:
  The new mileage-based tax only becomes a significant factor for drivers with high annual mileage.
  
  
• Plan for Long-Term Ownership:
  Electric vehicles save on fuel, servicing, and road tax compared to petrol or diesel vehicles, especially over several years.

When to Reconsider an EV

While electric vehicles remain a great choice for many, they may not be as cost-effective if:

• You Rely on Public Charging:
  Public charging is more expensive than home charging, and prices may continue to rise.
  
  
• You Drive High Annual Mileage:
  The savings from fuel and tax diminish for drivers covering extensive distances.
  
  
• You’re Not Eligible for EV Grants:
  Higher upfront costs without grant support could make EVs less appealing.

Why Installing a Home EV Charger Still Makes Sense in 2025 and Beyond

One of the biggest advantages of owning an electric vehicle is the ability to charge at home. Here’s why a professionally installed home EV charger is a smart investment:

✅ Safety:
Dedicated EV chargers are far safer than using standard sockets, especially for overnight charging.

✅ Speed & Convenience:
Home EV chargers are faster and more convenient than public charging stations, making daily top-ups hassle-free.

✅ Cost Savings:
Reduce your reliance on expensive public charging infrastructure.

E.R Electrical: Your Local EV Charging Experts in the Cotswolds

At E.R Electrical, we specialise in installing smart, efficient, and regulation-compliant home EV chargers for homeowners across the Cotswolds. Whether you’re buying your first electric car or upgrading your current setup, we’re here to help you:

• Choose the Right Charger: Tailored to your home and vehicle.
  
  
• Future-Proof Your Home: Prepare for the electric transition with confidence.

We are proud to be a NICEIC electrician, ensuring all installations meet the highest safety and quality standards.

Final Thoughts: EVs Are Still a Smart Choice for 2025 and Beyond

The electric vehicle market is evolving, and so is the tax landscape. However, with careful planning and the right support, EVs remain a cost-effective and future-ready option. A professionally installed home EV charger can make all the difference in maximising your savings and convenience.

Contact E.R Electrical today to discuss your EV charger installation needs. We proudly serve Cheltenham, Gloucestershire, the Cotswolds, and surrounding areas.