Today, the UK is the 10th most expensive country for petrol in the world, according to CarMoney.co.uk. The UK has seen a 1.4% increase over the last decade, but a huge 38% increase over the last 5 years. Today, prices have only increased slightly risen since then (1.4%), but if we compare today’s price with where we were 5 years ago, we can see the jump, … [Read more...]
Finance News
Newslines 11 April
Genesis will be unveiling its first dedicated electric platform-based vehicle at Royal Hospital Chelsea, when the GV60 makes its European debut at Salon Privé London, 21-23 April, as the headline start of the three-day luxury car event. Building on Genesis’ philosophy of setting a new standard in customer service, paired with luxury design, the GV60 … [Read more...]
EVs spark life into 24 year car sales slump
New car registrations collapsed to a 24-year low last month, despite bulging orders which car makers cannot supply. UK new car registrations fell by -14.3% to 243,479 units in March, according to the latest figures from the Society of Motor Manufacturers and Traders. Wales bucked the trend and saw 9,523 new cars registered with the new 71-plate in March, a … [Read more...]
Best & worst places to own and run an ev
Britain's electric nation is not united, shows analysis with some surprising results. With the upcoming ban on new petrol and diesel cars in 2030, Vehicle Contracts brought together statistics and revealed which UK regions are the best and worst for EV owners. To do this, they analysed the number of public electric vehicle chargers in each region and … [Read more...]
Short-circuit finance costs of new-generation zero cars
New data from Leasing.com shows that leasing a battery electric vehicle is on average 18%, and potentially up to 31%, cheaper than funding a new vehicle on personal contract purchase. According to 2022 pricing data across Leasing.com’s top 15 most popular BEVs, leasing was the cheapest and most cost-effective option on 87% (13) of those models. Across the … [Read more...]
Breaking news: Audi and Porsche ponder F1 entry
Audi and Porsche are poised to re-enter F1, Reuters is reporting today. McLaren is said to be looking at €500 Million from Audi and Porsche wants to team up with Red Bull, probably at a similar cost, but the deals depend on future electrification and synthetic fuels being approved, but parent Volkswagen Group has to cost the plans on the back of major … [Read more...]
EVs are changing the look of fleets
Strong impetus for fleets to electrify while new car supply remains highly inconsistent is changing the badge composition of some fleets, says FleetCheck. Peter Golding, managing director at the fleet software specialist (below) said that several manufacturers who previously had low or non-existent fleet profiles were gaining ground. “There are a … [Read more...]
New EV charging strategy is not joined up
Leading electrotechnical and engineering services body ECA has broadly welcomed the Government’s Electric Vehicle Infrastructure Strategy but warned it risks failing. However, the body has warned that the Government’s focus on “market-led” strategy and lack of joined-up policy with local authorities could jeopardise the quality and safety of EV charge point … [Read more...]
Men clocking up more penalties than women
Male motorists are clocking up more than twice as many penalty points as their female counterparts, according to new data from the Department for Transport. Male drivers racking up three penalty points on their licences currently total 1,343,700, compared to 606,700 for female drivers, as of the 5 February this year. The number of male drivers with six … [Read more...]
How to stretch fuel further
Experts from Scrap Car Comparison have ideas on how you can make your fuel last longer in order to help cut costs among a raft of rises. Dan Gick, Managing Director from Scrap Car Comparison said, "It's shocking to see the struggles people are enduring to ensure their cars can stay on the road as prices at the petrol pumps soar, but there are a few … [Read more...]
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