The owners of Asda have bought the Tesla charger network and are preparing for a rapid extension for all plug-in hybrid and battery cars. As the UK is likely to reach a million BEVs next February according to Cap HPI, the Asda move is very significant. Asda owner, the EG Group run by brothers Mohsin and Zuber Issa, said in a statement that the Tesla … [Read more...]
Finance
Weekend roadtest: Audi Q8 e-tron 55 quattro
Audi’s flagship all-electric model is on course to make waves in the luxury sector. The Q8 e-tron available in both SUV and Sportback coupe bodystyles comes with different battery sizes, charging and range potential but all get 4WD. There are four trim levels beginning with Sport, moving onto S line, Black Edition and Vorsprung. All versions can be … [Read more...]
ECA criticises Government over mixed messages in King’s Speech
Leading electrotechnical and engineering services body ECA said the King’s speech had little to offer the sector, despite it being a driving force in the transition to Net Zero carbon. The association, which represents over 60,000 professionals, welcomed the prospect of accelerated investment in renewables and grid connections. However, it sees additional … [Read more...]
Tradelines 8 November
Almost a quarter of fleets (23%) say they expect to lengthen their company car lease contracts because of growth in home working, according to new research. The 2023 Arval Mobility Observatory Barometer found that the move towards contract extensions is more pronounced among larger companies with more than 1,000 employees (38%) compared to the smallest with … [Read more...]
Aging fleets create service boost for independents
Fleet use of independent garages is around a quarter higher for company cars and vans aged four years old compared to their one year old counterparts, shows research. New data from epyx shows that buying of service, maintenance and repair (SMR) shifts from 30% independent garage and 70% franchise dealer at 1-2 years old to 35%/65% at 2-3 years old, 40%/60% … [Read more...]
Governments must support car makers supply chain
European automotive suppliers are making their supply chains more sustainable, but they face the challenge of financing these efforts from existing operations and industry sentiment is not very optimistic. Policymakers should take the necessary steps to provide support, but industry will also need to work harder to stay ahead. CLEPA’s research on … [Read more...]
EVs gaining ground for some journeys but not all
Petrol and diesel vans are likely to be used by fleets for rural journeys and motorways but business car users are most likely to rely on evs for any trip. Few businesses are considering the type of journeys being taken, for example – rural, urban and motorway – when electrifying their company car fleets, according to new research. The 2023 Arval Mobility … [Read more...]
Fleet discounts driving slight rise in new car registrations
October’s new car market grew by 14.3% to reach 153,529 registrations, 7.2% above pre-pandemic levels and marking the best performance for the month since 2018, according to the Society of Motor Manufacturers and Traders. The 15th month of consecutive growth was driven almost entirely by large fleet registrations, which grew 28.8% to reach 87,479 … [Read more...]
Newslines 7 November
Polestar strengthens its commitment to reduce its carbon footprint through two strategic partnerships in the UK with Ohme as home charging partner and green energy provider, Octopus Energy. The three-way partnership will offer Polestar customers in the UK both cheaper charging at home and on the road together with the option to reduce carbon footprint … [Read more...]
Financial squeeze is cutting used car choice
The financial squeeze is starting to hurt car buyers. AA Finance said motorists are borrowing 5% less for used car purchases this year as the cost-of-living crisis bites. This time last year, the average loan would be enough to buy seven of the 10 most popular used cars but only four would be affordable after price rises were taken into account this … [Read more...]
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