How we finance and choose to pay fuel costs for our cars is changing say providers. As 2026 approaches, the UK used car market is set for another year of change. According to industry data from the SMMT, used EV transactions rose by 57% year-on-year in 2024, outpacing every other fuel type. Meanwhile, upcoming policy changes, including the end of electric … [Read more...]
Car makers welcome Budget plans in parts
Car makers have broadly welcomed today's Budget announcement but have some criticisms. Mike Hawes, SMMT Chief Executive, said, “Government has recognised the automotive industry as a pillar of national strategic importance, backing it with an industrial strategy and additional £1.5 billion to drive competitiveness and investment. Deferring the end of … [Read more...]
Fleets want rethink on Gov’s low carbon fuel plan
Low carbon fuel (LCF) must be part of the solution to reduce emissions from heavy road freight as the UK logistics industry warns the current trajectory to decarbonise commercial vehicles is “highly ambitious”. Practical constraints such as the high cost of battery electric HGVs and reduced payloads, in addition to costs and time associated with installing … [Read more...]
Electrification is a roadblock to HGVs, say SMMT
Decarbonising heavy vehicles is fundamental to the UK’s ambitions for net zero so SMMT’s latest market figures, published last week, show an encouraging picture whereby a quarter of all new buses, coaches and minibuses joining UK roads are now zero emission, said CEO Mike Hawes. That green growth is helped by strong demand for single and double decker … [Read more...]
New car sales vital for economy, says SMMT
Growth in the used car market is good news given it is where most drivers buy their next vehicle – but their choice ultimately depends on thriving new car demand. SMMT’s latest data is positive all round, therefore, showing more than two million used cars changed hands between July and September – representing the highest Q3 volume since 2021 with BEV … [Read more...]
Brakes applied to green targets in Britain
Britain’s drive towards zero emissions is slowing down. Today, the Government announced a relaxation of electric vehicle sales targets to help the car industry in the face of trade tariffs from the US and a slow take up for pure electric cars with manufacturer incentives costing them millions of pounds. It is what the motor industry and component suppliers … [Read more...]
Statement fails to offer relief
The Spring Statement this week was a missed opportunity to get Britain moving, claims one businessman. Paul Holland, Managing Director for UK/ANZ Fleet at Corpay, including UK brands, Allstar and Keyfuels said, “Chancellor Rachel Reeves has delivered her Spring Statement and at the time of writing our concerns that there would be little in the way of … [Read more...]
Statement gives some motorists relief
Motorists can get some relief from today's Spring Statement by the Chancellor. John Cassidy, Director of Sales at Close Brothers Motor Finance said, “The Chancellor reconfirming her pledge to extend the freeze of fuel duty, as well as the temporary five pence cut, until March 2026, will offer a glimmer of relief to motorists concerned about the soaring cost … [Read more...]
EV salary sacrifice cuts business costs
Businesses and can slash their costs if they move to make EV salary sacrifice schemes. The electric vehicle salary sacrifice schemes will offset Rachel Reeves's upcoming tax increases in April and companies have been seeking ways to minimise the impact of the Chancellor's controversial National Insurance hike, which will rise from 13.8 per cent to 15 per … [Read more...]
PHEVs’ future now in doubt, says FleetCheck
The Budget is likely to have ended the current revival of fleet interest for plug-in hybrid company cars, FleetCheck is predicting. Peter Golding, managing director at the fleet software specialist, pointed out that anyone now paying a 5% benefit in kind on a new PHEV in the current tax year would see a jump to 18% by year four in 2028/29. He said: “We’ve … [Read more...]
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