The electric vehicle experts at Vanarama have compiled the most common savings associated with EVs to reveal how much motorists could save per month, year, and total vehicle ownership over four years by making the switch to an EV. With the UK's cost of living on the rise, many drivers may be looking at long-term changes they can make to alleviate the … [Read more...]
Bumping in the trade under HMRC watch
HMRC has identified an increasing risk of an error in the VAT returns for certain Franchised Dealerships, described as “Bumping”. HMRC are sending letters to some motor retailers that they believe are at risk from ‘Bumping’. Bumping is where there is a discrepancy between a vehicle sales invoice on the DMS system and the finance proposal one, which can … [Read more...]
Halve your new company car costs
With the cost-of-living crisis heading the domestic political agenda, an EV salary sacrifice car scheme costs nothing to introduce, works for all employees, and can save workers hundreds of pounds per month. An innovative electric car scheme holds the key to solving the two crises facing the world today – the climate emergency and the cost-of-living … [Read more...]
Brits falling out of love with evs
Brits’ appetite for electric vehicles appears to be declining with fewer people saying they expect to own an EV in the next decade, according to a recent CarGurus study. Despite petrol prices reaching record highs and the sale of new petrol and diesel cars banned from 2030, UK motorists’ appetite for EVs has decreased when comparing interest in 2021 … [Read more...]
Tolls to replace lost fuel duties and taxes
Road tolls are back on the Government's agenda. The fleet sector needs to start having a constructive discussion about the likelihood of road charging being introduced in the future and the kind of scheme it would like to see, says FleetCheck. Peter Golding, managing director at the fleet software specialist, said that the rapid growth in electric vehicles … [Read more...]
EV savings partly offset rising living costs
The take home salary boost available to employees who are able to switch from a petrol or diesel to an electric company car could help counteract cost of living pressures for them, Arval UK is reporting. Joel Lund, who was appointed as Commercial Director in March, said that for a 20% tax payer with access to an electric vehicle (EV) via a company car … [Read more...]
Energy costs crippling UK automotive sector
British automotive manufacturers are calling for urgent action on spiralling costs as new analysis from the Society of Motor Manufacturers and Traders reveals firms face a £90 million uplift in energy bills this year – equivalent to more than 2,500 automotive jobs – as costs surge by 50%. UK electricity prices are the most expensive of any European … [Read more...]
Electricity charging costs rise 21% as market grows
The era of cheap electricity to charge a new low emissions car is disappearing while their sales are rising in the latest production figures from the Society of Motor Manufacturers and Traders. The average price of charging an electric car on a pay-as-you go, non-subscription basis at a publicly accessible rapid charger in Great Britain has increased by 21% … [Read more...]
Newslines 19 May
It now costs a few pennies short of £100 to fill a typical diesel car after the latest price hikes by fuel stations, says the RAC. The motoring body said petrol models were just behind at £92.20p for a 55 litres fill and they have never been so high. Ford of Europe together with 27 companies have joined an appeal to the European Union (EU) to ensure all … [Read more...]
Welsh Labour councils’ tolls by default warning
The Welsh Conservatives are calling on ministers in Cardiff Bay to rule out making regulations that would allow Labour councils to pursue plans to push forward with economically illiterate and anti-worker taxes. A Welsh Conservative motion recently put before Cardiff Council saw Labour refuse to vote against introducing a congestion charge in the capital … [Read more...]
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