It is too soon to say if pump prices will rise after the outbreak of Middle East hostilities on Saturday. RAC head of policy Simon Williams said, “While the conflict in the Middle East undoubtedly has the potential to push up pump prices in the UK, it’s not a certainty. The oil price would have to rise significantly and stay that way for some time to have … [Read more...]
Finance News
Middle East conflict warning for motorists
The escalating conflict in the Middle East has put $100-per-barrel crude oil prices into sharp focus. Analysts from major institutions such as Barclays, Goldman Sachs, and JPMorgan are projecting potential spikes to $100-130 per barrel if the Hormuz Strait faces prolonged disruptions, as it handles about 20-21% of global oil supply and significant LNG … [Read more...]
New Chinese brands now spreading through used market
Almost half of used dealers (45%) say they have added cars from Chinese new entrants to their stock, according to new findings. February’s Startline Used Car Tracker shows 45% say they sell quickly, 33% they represent good value and 20% buyers like the cars on offer. However, 37% of motor retailers are waiting to see how reliable they prove to be, 20% … [Read more...]
Real battery life revealed
In what’s being claimed to be the UK’s largest used battery electric vehicle study, the impact of age and mileage on the charging capacity of batteries has been revealed. Generational, a specialist in battery electric vehicle (BEV) battery condition diagnostics, tested more than 8,000 electric cars and light commercial vehicles (LCVs). It found that … [Read more...]
Aston Martin car plant workers facing cuts
Scores of jobs are on the line in Aston Martin's St Athan plant. The luxury sports car brand today announced a 20% cut in its 3,000 strong workforce in Britain, mostly at its Gaydon HQ and St Athan plants. Aston Martin has confirmed the firm's net losses jumped 52% last year to £493.2m. It has this month announced plans to raise some capital by … [Read more...]
Octopus Fleet spreads its power tentacles
The UK’s shift to cheap, clean transport got a major boost with the launch of ‘Octopus Fleet’ – the one-stop shop for all businesses looking to electrify their fleet operations with ease. Whether businesses are just getting started with EVs or already going full throttle, Octopus Fleet offers the ultimate mix-and-match of smart solutions – from fleet … [Read more...]
Smart Charging to cut EV running costs
Despite growing adoption of electric vehicles, widespread misconceptions about cost and charging still shape public opinion. Recent research from the AA shows that 80% of drivers believe electric cars are too expensive to purchase, while only 21% think EVs are cheaper to run than petrol or diesel vehicles. One in five motorists also believes charging away … [Read more...]
EV incentives for renters and flat owners
For a long time, home EV charging has been framed as something reserved for homeowners with driveways and detached houses. If you rented your home or owned a flat, the assumption was that low-cost charging at home simply was not an option. Given that the cost of public charging can be up to 10 x the cost of the lowest domestic charging-specific tariffs, it … [Read more...]
FCA reportedly caving in to car makers over loans
Motorists hoping for big payouts for financial mis-selling by major car makers' associated arms look like losing out after all. Media reports this week indicated the Financial Conduct Authority has come down on the side of the car makers' finance providers and big banks to reject payments to customers. Under the plan said to be going through final stages … [Read more...]
Mileage clocking expected to rise in evs
Government plans for a new mileage-based Electric Vehicle Excise Duty greatly increases the temptation for car clocking, FleetCheck is warning. The proposal replaces lost fuel duty revenue with rates of 3.0 pence per mile for electric vehicles (EVs) and 1.5 for plug-in-hybrids, with mileage checked annually at an MOT station. Peter Golding, CEO at the … [Read more...]
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