New company car tax rates will cost the Government £100m in lost revenue over the next two years, while drivers will face higher costs from new CO2 rating.
Cap HPI says it will be ready for the introduction motoring taxes based on the emissions test in April 2020.
Some company cars could disappear from choice lists as new emissions test results put them beyond CO2 thresholds used by fleets.
Leasing companies, which typically receive the CO2 data from third-party providers, are estimating emissions or trying to bring forward deliveries.
By John Clay, head of vehicle identification at Cap HPI
Uncertainty surrounding the impact of a new emissions testing regime and planned restrictions on the sale of fossil fuel and hybrid vehicles make policy review essential.
Businesses should consider reviewing their fleet policies due to a lack of WLTP CO2 data for some cars, says the British Vehicle Rental and Leasing Association.
Arval says that 15% of fleet and mobility managers questioned expect to make some adjustment to the cars they offer.
Sofico has added WLTP functionality to its Miles solution in collaboration with Jato Dynamics.
Fleets are taking delivery of the first RDE2 diesel cars, cutting VED and company car tax, with manufacturers promising that more models will follow.
The Spring Statement has failed to deliver any clarity for the fleet and leasing industry over future tax rates.
Fleets may have to wait beyond the Spring Statement to find out whether the Government will make changes to company car tax and vehicle excise duty (VED).
The seminar - Another Year of Evolution - is being held on Wednesday, March 27, at the British Motor Museum, Gaydon, Warwickshire.
European Court of Justice (ECJ) had ruled allowing vehicles to emit more than double the emission limit for NOx – the so-called conformity factor – was illegal.
Fleet News with BVRLA, ACFO and other industry stakeholders call on fleets and their drivers to comment on Government review of company car taxation rates.
Fleet decision-makers still have time to comment on a Government review into the impact of WLTP on VED and company car tax.
Pace of growth of plug-in registrations in the UK is half the EU average.
The Government is being warned that a failure to recognise the impact of WLTP on tax could cause long-term damage to the fleet sector and the environment.
A review into the impact of the Worldwide harmonised Light vehicles Test Procedure (WLTP) on VED and company car tax has been launched by HMRC.
The European Court of Justice says that the European Commission had no power to weaken emissions limits for on-the-road tests.
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