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This adjustment is notable considering the landscape of petrol and diesel vehicles where similar tiers of taxation apply, but initial taxes can reach significantly higher amounts.
Commercial Electric Vehicles & Market Dynamics
Commercial vehicles will also no longer enjoy tax-exempt status. They will likely fall into two categories: those with a standard car tax charge and vehicles with a potentially higher rate depending on emissions.
The changes are expected to reshape the used vehicle market, as buyers may seek to avoid the incoming tax implications associated with newer EVs or cars above the £40,000 threshold.