Automotive experts have welcomed the move and claim that now uncertainty has been removed from the market, fleet sales in the country will pick up.
Under the proposals it was feared that the amount of tax paid by some drivers would have increased by as much as 50%. Monthly taxes on corporate cars would have risen from 1% to 1.5% of the list price.
It was estimated that the new law would have cost a driver an additional 100 Euro per month on a 40,000 Euro vehicle.
Gottschalk said the range of new models offered to consumers was becoming increasingly more attractive. 'In line with the increasing number and revitalisation of brands, we can expect a battle of new cars in the next few years,' he said.