“The government is modernising the definition to reflect modern standards of efficiency.”
The measure is the first to actively penalise buyers of increasingly popular hybrid vehicles, which typically have both an internal combustion engine and a modest-range battery and electric motor, and which generally retail well below the cost of pure electric vehicles.
Luxury car tax is imposed at 33 per cent on every dollar above $76,950 while vehicles defined as fuel-efficient have a…
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