Vehicles in London will face daily charges of up to £100 if they don’t meet upcoming new emissions standards set by the Mayor of London and Transport for London

From 8th April, Central London will become an Ultra Low Emission Zone (ULEZ) 24 hours a day, 7 days a week.

Will my vehicle be affected?

Replacing the T-Charge, ULEZ will mean that your vehicle(s) will need to meet strict guidelines, or you will face a daily charge to drive in the centre of London.

To find out if your vehicle is affected, click here to visit the TfL website and input your vehicle registration number or check the table below to see what standards your vehicle must meet to be exempt from the charges.

Vehicle Type Minimum Emission Standard Daily Charge to be Paid
Motorcycles Euro 3 £12.50
Cars & Small Vans
(Cat M1 & N1)
Euro 4 for petrol

Euro 6 for diesel

£12.50

£12.50

Large Van & Minibus
(Cat N1-3 & M2)
Euro 4 for petrol

Euro 6 for diesel

£12.50

£12.50

HGV
(Cat N2 & N3)
Euro VI £100
Bus/Coach (Cat M3) Euro VI £100

How much will it cost?

If your vehicle doesn’t meet the tighter standards, you will have to pay £12.50 or £100 per day, depending on the type of vehicle.

This will apply to those vehicles in the city centre and will eventually expand into the inner London area bounded by the North and South Circular roads in 2021.

Failure to pay the daily charges will result in a fine of £160 or £1000, again depending on your vehicle type.

It should also be noted that these charges will be made in addition to the LEZ charge (a similar scheme that covers Greater London and has been around since 2008) and the Congestion Charge.

Why are they doing this?

The ULEZ is part of a number of measures introduced by the Mayor to tackle the public health crisis.

Once implemented, Transport for London (TfL) is predicting a 5% drop in traffic in the centre of the capital.

How could it affect businesses?

With these changes, a haulage business operating in Central London that has a fleet of five lorries that do not meet the new standards would now have to pay £500 per day to continue to do so.

If those same five lorries then travelled through the Greater London area in their daily commutes, that cost would rise to £711.50 per day after taking the LEZ and Congestion Charge into account.

What are my options?

You have three.

You could continue as you are and pay daily charges, though that could prove to get costly.

There is also the option of retrofitting emissions technology to your vehicles, though this also costs tens of thousands per vehicle.

The third option is to sell your existing vehicles and purchase new ones that meet the Euro standards.

We can arrange finance for your new vehicles, meaning you could save money by not having to pay the daily charge, whilst also having the benefit of having a new fleet or vehicle.

For more information on funding your new vehicle(s) before the April deadline, fill in an enquiry form, call 0115 958 6872 or email info@midlandsassetfinance.co.uk.

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