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 scheme, the saving in benefit in kind tax … [Read more...]
Motorists’ misery is mounting by the day
Motorists’ misery is mounting by the day, said the RAC. RAC fuel spokesman Simon Williams said, “The average price of petrol went up yet again on Sunday to a new record of 188.7p a litre. “More than five weeks of successive record prices has caused a litre of unleaded to rocket 23p from 165.5p in mid-May. “Diesel also climbed to another all-time high on Saturday with a litre reaching 196.1p. A … [Read more...]
Dismay at end of PHEV grant as fuel prices soar again
The government is today ending the plug-in car grant allowance for new orders after successfully kickstarting the UK’s electric car revolution and supporting the sale of nearly half a million electric cars. The announcement was greeted with dismay and concern by car makers, the motor dealers and charging network suppliers. It could also boost demand for used PHEVs and second hand petrol and … [Read more...]
Soaring pump prices fuelling inflation and misery
As pump prices smashed through the £2.00 a gallon ceiling, pressure is mounting on the Government to dramatically cut its duty and VAT take from motorists. Nearly half of the pump prices paid by drivers is duty or tax which goes back to the Government and the RAC said today that the Chancellor's 5p cut after the Ukrainian invasion has already been offset by the rising charges. RAC fuel spokesman … [Read more...]
Newslines 10June
Automobili Lamborghini adds a new record to its list with its Super SUV Urus, as the best-selling model in the shortest time ever. Since its market debut in 2018, 20,000 units have been produced, setting sales records year on year and the twenty-thousandth Urus, in Viola Mithras with black calipers and panoramic roof, is destined for a customer in Azerbaijan. The cost of filling a 55-litre … [Read more...]
Car sales take another battering in May
New UK car registrations fell -20.6% to 124,394 units in the second weakest May since 1992, after the 2020 pandemic-hit market, as supply shortages continued to hamper new purchases and the fulfilment of existing orders, according to the latest figures from the Society of Motor Manufacturers and Traders. Registrations amounted to 124,394 last month after a boom 12 months earlier when buyers were … [Read more...]
Over 19M expected on Bank Holidays roads this week
The extra-long Jubilee bank holiday weekend will see drivers make an estimated 19.5m leisure journeys by car, research from RAC Breakdown suggests. In the region of 3.6m leisure trips by car are expected to be made on the Friday bank holiday 3 June, according to a study of 1,460 drivers’ travel plans, as day-trippers combine with families making their way back home at the end of the half term … [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% to 44.55p per kilowatt hour since … [Read more...]
Accidents rising after lockdown ended
Accident figures have risen again following the end of lockdowns over the last two years. Latest Government figures provisionally indicate collisions are up along with fatalities and injuries. RAC research suggests there is a huge level of concern among drivers about the standard of driving on our roads, said RAC head of roads policy Nicholas Lyes. “We urge the Government to consider … [Read more...]
Tradelines 25 May
Just one in four fleets (26%) say that they have been affected by the global semiconductor shortage that has caused a marked reduction in worldwide vehicle production. Findings from the Arval Mobility Observatory’s 2022 Barometer show that 16% report having been impacted when acquiring petrol, diesel and electric vehicles (EVs); 5% on EVs only; and 5% on petrol and diesel vehicles only. … [Read more...]
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