There are currently no financial incentives for private car buyers to switch to an EV, says specialist leasing company DriveElectric. So, unless the government changes its policy on consumer purchase incentives or reduces taxes in the run-up to a general election, or there’s a new government with a more pro-EV policy, sales of new EVs are likely to … [Read more...]
Dealers to be investigated over car finance commissions
THE Financial Conduct Authority will probe the motor finance industry over concerns about commission arrangements. In 2021, the FCA banned incentives for brokers to increase the interest rate that a customer pays for their motor finance, but many customers have logged complaints claiming compensation for unfair commission arrangements struck prior to the … [Read more...]
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