New Vehicle Excise Duty (VED) rules taking effect in April, means electric vehicle buyers are three times more likely to be hit with the luxury car tax compared to petrol and diesel drivers. With EVs often exceeding the £40,000 price threshold due to high battery costs, many owners will face an extra £425 annual charge for five years. Industry experts warn this could discourage EV adoption and are calling for a delay in the tax overhaul.
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