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It came in when EVs were rare and likely to be G-Wiz shaped and was a reasonable policy lever to pull to encourage those who do drive to get more sensible cars.
Now that EVs are mainstream and quite likely to be GBFO SUV shaped, it's extremely silly. It ends in 2025, which is far too late, but at least it's ending.
grams
I'm not sure on what basis electric cars are exempt from the congestion charge though. It's not like they cause less congestion than other cars.