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...]
Wales lagging in ev sales and bucks the UK trend
New UK electric car sales data shows the government’s ambitions for the electric vehicle transition doesn’t go far enough and Wales lags behind other parts of Britain. For the second month in a row, EVs were the only fuel type to grow the number of new cars registered and the share of the market. EVs now represent 1 in 6 of all new vehicle … [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...]
Newslines 1 July
The bus industry in Wales will receive a support package worth £48m to help recover from the impact of the pandemic and deal with emerging financial challenges, the Welsh Government has announced. The Bus Emergency package will provide ‘gap funding’ until the end of this financial year for bus operators to maintain the necessary bus services and … [Read more...]
Automotive business ponders new site in Ebbw Vale
The Welsh Government is investing £8.5 million in new industrial space in Blaenau Gwent aimed at attracting businesses to the area, Economy Minister Vaughan Gething has announced. A 50,000 sq ft industrial unit will be built at Rhyd y Blew, Ebbw Vale, in the Tech Valleys area. The modern building will form the first phase of a wider site masterplan, and … [Read more...]
New law on smart chargers eases strain on grid
New legislation requires all home and workplace electric vehicle chargers installed from this week to have smart charging capabilities. The new laws are aimed at helping to manage the strain on the national grid. They will encourage drivers to use smarter tariffs to avoid thousands of EVs charging at once during peak hours, which is usually during the day … [Read more...]
Global vehicle production edges up
Light vehicle production is growing after the pandemics and supply shortages, say analysts with S&P Global Mobility. Production revisions continue to reflect the dynamic environment impacting the auto industry. In the months following the start of Russia/Ukraine conflict, S&P Global Mobility has done some “fine tuning” with this month’s forecast … [Read more...]
British Motorsport Day Westminster presentation
Motorsport UK and the All-Party Parliamentary Group for Motorsport yesterday presented Our Eclectic Future at British Motorsport Day in the Palace of Westminster to showcase the vision of a world powered by a range of use-appropriate systems and fuels. Fossil-fuels will continue to power existing vehicles around the world for quite some time, and therefore … [Read more...]
Newslines 27 June
As wholesale fuel prices are falling the prices have climbed over the weekend. RAC fuel spokesman Simon Williams said, “A litre of unleaded broke records again when it averaged 191.05p on Sunday, taking a fall tank over £105. Diesel also reached another high point on Saturday with an average price of 199.09p, which makes a full 55-litre family car fill-up … [Read more...]
Grenadier marches into South & West Wales
One of the oldest family motor businesses in Britain is preparing to launch one of the country's newest brands. Founded in 1926, C E M Day has been appointed South and West Wales agency for Ineos Grenadier, which arrives later this year. C E M Day is still headquartered in Wales but has sales, service and rental outlets nationwide with a handful of … [Read more...]
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