EV charging network InstaVolt has raising its price 15.7% to 66ppkWh from Monday. The rise from 57ppkWh applies to all payment types and the company says the steep rise is due to the enforced 20% VAT rate on public chargers compared to just 5% levied on domestic points. Other public point providers are expected to follow suit as the electric supply … [Read more...]
UK Gov has done least to help motorists
The UK is one of the European countries that has done the least to support drivers with rocketing pump prices since Russia’s invasion of Ukraine, new RAC Europe data analysis shows – leading UK drivers to pay as much as 20p more per litre of petrol than drivers in France. Out of 13 EU countries that have cut tax on petrol in order to ease the spiralling … [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...]
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 … [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...]
Motorists are struggling as diesel hits record high
One in four motorists have struggled to afford the cost of driving in the past month, according to comparethemarket.com. The research, based on a national poll of 2,000 motorists, found one in three drivers (33%) is worried that they won't be able to cover the cost of driving in the coming weeks. Driving has become increasingly unaffordable, as 84% of … [Read more...]
Budget points
With just hours to go until the Chancellor’s Spring Statement, eight-in-10 drivers (83%) want him to step in to help reduce the impact of record-high pump prices with a cut in duty or a reduction in VAT levied on fuel, shows new RAC research among 2,000 drivers shows. The study suggests drivers are increasingly worried about the impact of high prices with … [Read more...]
Budget needs to tackle help for car sector and buyers
Changes to VAT around compensation payments, strategic support for the UK motor industry, and the future of road charging are key subjects that should be tackled by the Chancellor in March’s Budget, says the Vehicle Remarketing Association. All three issues are likely to impact on the remarketing sector either in the short, medium or longer-term, believes … [Read more...]
Car trade shake up from 1 January
Car trades between Wales, England and Scotland to Northern Ireland face a shake up at the end of December. The issue arises from the status of VAT margin schemes for goods moved between GB and NI from 1 January 2021. This will apply regardless of whether there is a free trade deal agreed between now and December 31. Margin schemes enable traders of used … [Read more...]
UK Government make fuel costs among highest in world
UK drivers are paying significantly more for petrol and diesel than other countries in Europe and further afield. Used car supermarket, CarShop, has researched the cost of petrol and diesel for UK drivers, and compared it against other countries to see just how much more we are paying per litre and why. Shockingly, the UK is one of the 10 most expensive … [Read more...]
