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...]
Division over “split-level” electric rates for fleets
Fleets need rapid clarification on how to apply the “split-level” Advisory Electric Rates put in place by HMRC in September, says the Association of Fleet Professionals. Paul Hollick, chair at the industry body, says the move – which provides an AER of 8 pence per mile for domestic charging and 14 ppm for highway charging – had left electric company car … [Read more...]
