Government can boost electric vehicle demand if it amends its changes to the expensive car supplement an industry leader has said. Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, said that the expensive car supplement – which adds an additional tax for the first five years following the first tax payment made when a car … [Read more...]
More taxing times from today for new car owners
Less than half (48%) of drivers are aware of April’s increase in first-year rates for Vehicle Excise Duty (VED) - despite facing potentially substantial increases. As a result, drivers buying new cars this year might not fully understand the costs involved, meaning they could be choosing vehicles they can’t afford without realising it. VED is the yearly … [Read more...]
Statement fails to offer relief
The Spring Statement this week was a missed opportunity to get Britain moving, claims one businessman. Paul Holland, Managing Director for UK/ANZ Fleet at Corpay, including UK brands, Allstar and Keyfuels said, “Chancellor Rachel Reeves has delivered her Spring Statement and at the time of writing our concerns that there would be little in the way of … [Read more...]
Car makers Budget plan to overcome stalling EV sales
The automotive industry is calling for the Chancellor to use this week's Budget to put the UK’s shift to electric vehicles back in the fast lane. Research commissioned by the Society of Motor Manufacturers and Traders from Savanta has revealed that rising numbers of would-be EV drivers are now likely to delay their switch to a battery electric car – but a … [Read more...]
Newslines 25 November
The government’s decision to introduce VED on electric cars from April 2025 has ‘polarised’ car buyers considering an EV as their next purchase, reports CarDealer. eBay Motors Group quizzed 2,000 in-market car buyers and found that nearly half (45 per cent) were not put off by the move but 37 per cent said the announcement is either making them reconsider … [Read more...]
Young drivers hit by rising costs
A new report from Go.Compare Car Insurance revealed that the cost of getting a young driver on the road has risen to £6,574 – the highest since 2019, representing a shift backwards to pre-pandemic costs. Costs for young drivers – those aged between 17- 21 - and their families dipped to £6,394 in 2021 and £6,071 in 2020, a sharp fall from £6,846 in … [Read more...]
Keep Plug-in grant charged to boost ev take up, say dealers
Car dealers want the plug-in car grant maintained and a revision of vehicle excise duty changed to reflect whole-life emissions counted. “UK motorists should continue to receive incentives to ensure a consistent and successful transition to electric vehicles, in particular, this must include preserving the current plug-in grant”, said Sue Robinson, Director … [Read more...]
Trick and treat claims over Budget review
There have been very mixed reactions to yesterday's Government spending review. The BVRLA has welcomed the Government’s decision to conduct an urgent review into the impact of WLTP on Vehicle Excise Duty and company car tax. In today’s Budget it was announced that the review would report back in time for the Chancellor’s 2019 Spring Statement. … [Read more...]
Fuel for thought when you buy a new model this autumn
From September 2018 all new cars registered in Europe, India, South Korea and Japan will have to report their official fuel economy and CO2 figures according to the WLTP, says David Miles. This acronym means Worldwide harmonised Light vehicle Test Procedure and in Europe it replaces the outdated New European Driving Cycle test introduced in the … [Read more...]
Drivers’ disappointment over Spring Statement
The Chancellor’s Spring Statement is disappointing for drivers, says the RAC. RAC head of roads policy Nicholas Lyes said, “The announcement that the Chancellor will look at the possibility of reducing VED for businesses that buy cleaner vans is very welcome and we look forward to seeing more detail on this. “But motorists will be very disappointed … [Read more...]
