Guessing that residual values are a significant factor and EVs are currently mostly dire. Also interest rates have gone up- 10 year Gilt over 4.5% and 30 year5%. For the private market, from April the “luxury” road tax will apply to EVs from year 2. Over £40,000 rrp including options like metallic paint. £410 per annum. Starmer says more cash in people’s pockets. Gaslighting.