New company car benefit-in-kind tax tables should be provided up to 2030 if the Government adopts this date as its new electrification target, says the Association of Fleet Professionals. The industry body said it had been widely reported that an announcement would be made during November to halt sales of internal combustion engined vehicles by the end of the decade, substantially bringing … [Read more...]
Company car ‘at home’ danger
Fleets need to work on issues arising from an emerging “home working, home charging” model being created by the rise of electric vehicles and the effects of the coronavirus crisis, says FleetCheck. The fleet software specialist says that a potentially important new subset of company car driver is emerging who now works largely from home and is set to choose an EV as their vehicle because of low … [Read more...]
Lockdown legalities for fleets & users
The handing back of company car and van keys or fobs to employers in order to avoid benefit-in-kind taxation during the coronavirus lockdown needs careful management, the Association of Fleet Professionals has warned. There remained both pertinent questions for HMRC around the issue and a range of potential practical problems to resolve, explained co-chair Caroline Sandall. She said, “During … [Read more...]
Tax break to push company car drivers into evs
Eight out of ten business employees who currently opt out of a company car scheme are ‘likely’ or ‘very likely’ to move back to company cars and these will be electric, according to a survey by DriveElectric, one of the UK’s leading EV leasing companies. The return to company cars rather than employees taking car allowances is being driven by a number of issues; one of the main factors is the … [Read more...]
Fleets need to prepare for EV charge in demand
Fleets of all sizes will need support through a potential “sudden 2020 influx” of electric vehicles that is likely to create a vacuum of expertise, says FleetCheck. The fleet software specialist says that the new zero per cent benefit-in-kind tax rate, the availability of a wider range of models and the momentum created by the Government’s 2035 announcement are all creating a dramatic upsurge in … [Read more...]
BMW boost their electric offerings
The figures speak for themselves with the latest line-up of new BMW PHEV plug-in hybrid electric vehicles on offer with more models to come, writes David Miles. This week BMW UK held a media test driving event with most of their PHEV models available for test driving. This coincided with this week’s United Nations Climate Change Conference being held in Madrid until 13 December. At this … [Read more...]
Sunday drive: Volvo XC90 B5 diesel R-Design
The second generation Volvo XC90 large SUV with 4x4 traction and seven seats is the flagship of the revitalised Volvo range, writes David Miles. It was introduced in 2014 and recently it has undergone its mid-term revisions to keep it relevant in today’s expanding SUV market sector. It was the sales and image success of the premium brand XC90 that led Volvo to producing similar in style the XC60 … [Read more...]
Falling out of PHEV or bridging a gap
The issues facing the British car market with the decline in Plug-in Hybrid Electric Vehicle sales in the UK this year has been outlined to media by Conor Twomey, General Manager Internal Communications and Government Affairs for Mitsubishi Motors in the UK. Mitsubishi with their Outlander PHEV more or less pioneered the launch of the PHEV market quickly becoming not only the best selling model … [Read more...]
Trendsetting Mitsubishi eyes BIK changes
Mitsubishi Motors UK welcomed the government’s plans to restructure the Benefit in Kind taxation system. The change will encourage the uptake of greener vehicles amongst business users. In the next financial year, beginning in April 2020, the UK’s best-selling plug-in hybrid, the Mitsubishi Outlander PHEV, will now attract a BIK rate of 12% for eligible business users, down from the 16% rate it … [Read more...]
New to used gap widens and choices expand
As used car sales surge, the gap between demand for used and new vehicles gets ever starker, said Seán Kemple, Director of Sales at Close Brothers Motor Finance. Consumers shifting to cheaper cars due to the economic uncertainty caused by Brexit and the global slowdown is certainly a factor. But, so too is the challenge in supplying customers the makes and models of new vehicles that … [Read more...]