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 three-point plan of tax reform would … [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 or drop their plans to go … [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 2019. The research shows that, in the … [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 of the National Franchised Dealers … [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. Commenting on the news, BVRLA Chief Executive … [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 1980’s. The new WLTP method is supposed to … [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 that the Chancellor hasn’t addressed the … [Read more...]
Golf tops slowing new car sales market
The UK new car market has declined for a third consecutive month with 243,454 new units registered in June, said SMMT. Registrations fell at a slower pace than in the previous two months, by -4.8%, as demand continued to stabilise following a record first quarter and the subsequent market turbulence caused by the recent changes to Vehicle Excise Duty. The market is now more in line with … [Read more...]
Tradelines 29 March
Imminent changes to Vehicle Excise Duty mean consumers have just days to secure a deal on a new car before tax rates soar by up to 2475%.Analysis by What Car? indicates the cost of taxing a car purchased after 1 April 2017 could be up to 25 times more, with even some of the most environmentally friendly plug-in hybrids commanding sharp tax increases and worst hit will be the most expensive … [Read more...]
