Roads pricing plans are likely to be revived in a bid to stem the estimated £40bn tax revenue that will be lost as new car buyers switch to electric vehicles (EVs), according to a report by The Times.
Tusker says that more than 45% of all new orders over the past 30 days have been for pure electric vehicles (EVs).
It is reporting huge interest in its own EV salary sacrifice scheme, with more than 100 businesses having already signed up.
Fleets are adopting electric vehicles (EVs) in record numbers as greater choice and zero benefit-in-kind (BIK) tax boost their appeal to company car drivers.
To celebrate World EV Day, we’ve compiled the latest, top stories including the Government announcement of plans to accelerate EV uptake and the roll out of a new EV support service from the AA.
Activa Contracts is reporting that one in three (35%) fleet orders placed so far this year have been for electric or hybrid vehicles.
The appetite for electrification is increasing among fleets, with leasing companies reporting record levels of demand from company car drivers.
The coronavirus pandemic is changing the way people work, with fewer face-to-face meetings and an inevitable decline in company car mileages.
New benefit-in-kind (BIK) tax rates will apply to all new company cars registered from today (April 6), including a zero-percentage rate for pure EVs.
Required legislation on hold, with new BIK rates, including the 0% rate for electric company cars, needing approval of new Government before they can be used.
New launches and increased availability of battery electric vehicles next year will provide a boost to achieving the Government’s Road to Zero targets.
The whitepaper is designed to improve knowledge on the tax benefits and incentives for fleet decision-makers and company car drivers over the next three years.
Arrival of new models to further boost demand, but concerns are raised over lack of availability.
By Andy Eastlake, managing director, Low Carbon Vehicle Partnership
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