Jack said: “As most private car buyers opt to buy a used car, the introduction of VED at the full rate from 1 April could have a negative impact on the future of EV ownership. Drivers tell us that incentives are still required at this early stage of adoption.

“While all should pay vehicle tax, a discounted rate for EVs would make buyers take notice before spending their hard-earned cash.”

Electric vehicles will be moved to the standard VED rate from April 1, 2025 which is set to rise to £195 per annum. 

However, vehicles listed at over £40,000 will be charged even more with an additional £425 Expensive Car Supplement (ECS) fee also payable. 

This would leave many electric car owners splashing out up to £620 per year to use UK roads.

The amount of financial incentives available to encourage individuals to switch to electric vehicles has now dramatically fallen. 

The Plug-In-Grant, which provided some upfront funds for those making the switch to expensive EVs, was ditched back in 2022. 

Motoring experts have repeatedly called for the introduction of further incentives to boost demand for electric cars.

Lisa Watson, Director of Sales at Close Brothers Motor Finance previously told Expess.co.uk that motorists would be “more likely” to adopt electric cars if the Government unveiled new incentives.

She said: “If the new Government addresses motorists’ concerns, invests in crucial infrastructure and introduces incentives for drivers to make the switch to EV, then widespread adoption will be more likely to occur ahead of Labour’s proposed plan to bring the ban on new petrol and diesel vehicles forward to 2030.”