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By Emma Grimshaw Car owners may need to rethink having a vehicle as car tax rates are set to increase from spring. Paul Daly, director of InsureDaily.co.uk, suggested that the rising costs of owning a car might make it less worthwhile, especially with the new Vehicle Excise Duty (VED) rates coming into effect from April 1, 2024. Most car owners will see just a slight rise but those with the most polluting petrol and diesel models will be heavily affected. Motorists whose cars are registered on or after April 1, 2017, will see standard rates rise from £180 to £190 per annum. READ MORE: I tried …

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