Latest Company Car Tax News
7 strategies for efficient fleet electrification
Beyond environmental sustainability, companies can benefit from many advantages by electrifying their fleet, such as cheaper refuelling costs, a reduction in the tax burden when purchasing EVs, greater energy efficiency, greater freedom of movement in low-emission areas, the availability of public subsidies or an improvement in the company's reputation by committing to a new mobility model.
Large EV discounts on the way from under-pressure manufacturers
Tony Whitehorn, former UK Chief Executive and President of the South Korean manufacturer Hyundai, said carmakers were facing a number of pressures to do with the electrification of the UK vehicle parc – and that as a result, there were bargains available to buyers.
Andersen EV launches upgrade service for home chargers
The Andersen A2 is the only tethered charge point on the market that is design-led and removes the mess of untidy cables on show when not in use. The unit also offers a choice of 126 colour and finish combinations, with users able to customise their charger to their home or vehicle.
Dacia Spring pricing could place downward pressure on fleet EV pricing
This does feel like a potential watershed moment for EV pricing. While the Spring is too small and too limited for many fleet applications, it does show that a modern EV with a 137-mile range can be brought to market at a very attractive price. The key here is that it immediately makes every other EV look like poor value
Public sector charging facilities should be opened up
Some central and local government fleets are investing heavily in infrastructure to support their electric vehicles (EVs), and these could be made available in areas where private companies were having difficulty finding chargers, says the Association of Fleet Professionals.
Survey reveals surge in EV interest
Technological advancements have significantly reshaped the landscape of the automotive industry, with a particular emphasis on innovation in electric vehicles (EVs), autonomous driving features, and connectivity solutions. Brands like Kia and Hyundai have emerged as frontrunners in leveraging technology to enhance the driving experience and meet evolving consumer demands.
Octopus EV calls for clarity on BiK rates for EVs
As drivers enter new lease agreements this year that will take them into 2028, Octopus has called on the Government to provide clarity on what these tax rules will look like beyond this date.
Raving about RAV – Toyota RAV4 PHEV
The RAV4 Plug-in retains all the qualities that have made the fifth generation RAV4 so successful since its launch in late 2018. This includes the dynamic benefits of the low centre of gravity and high body rigidity inherent in the Toyota GA-K vehicle platform. It also comes as standard with AWD-i intelligent all-wheel drive. The Plug-in is a complementary model to the RAV4 Hybrid, consolidating Toyota’s electrification programme.
Fuel freeze welcomed but no good news for EVs
Fuel freeze extension provides much-needed stability and respite for drivers who have been grappling with rising living costs and fuel prices. By maintaining the current fuel duty rates, the Chancellor has effectively alleviated some of the financial burdens on households and businesses alike.
Companies turn to short term leases to address grey fleet challenges
Liquid Fleet says a short-term lease car makes sense as it provides a new or nearly new car in A1 condition that is adequately insured for business use. It gives peace of mind to managers that their employees who travel sporadically on company business are driving a well-maintained car which is something more difficult to manage when they use their own private car.
Impressive Tusker fleet growth pushes fleet to 75% EV
Despite record rises being seen in insurance costs for owner-drivers, Tusker is continuing to focus on the affordability of driving an electric car through a salary sacrifice arrangement and the company’s policies remain cost effective. With amounts fixed for the duration of the agreement, and with BIK rates published until 2028, drivers are fully aware of their monthly commitment for the duration of their agreement.
Rightcharge and M-B Vans collaborate to make it easier for businesses to transition to electric
The agreement demonstrates a mutual commitment to supporting electric fleets. Both companies are set to release exciting new products in 2024. Mercedes will introduce a wealth of new products, including new large and midsize vans, while Rightcharge is set to launch its own electric fuel card and fleet management solution.
February registrations best for 20 years
It was the 19th month of consecutive growth, which has primarily been driven by fleets investing in the latest vehicles. Indeed, fleets and businesses were responsible for the entirety of February’s increase, with registrations up 25.2% and 15.5% respectively. Private uptake continued to struggle, with a 2.6% decline to record a 33.7% market share. February is traditionally volatile as the lowest volume month of the year, with buyers often electing to wait until March and the new number plate.
EV registrations continue to rise
A faster, fairer market transition depends on more private buyers switching but the lack of significant incentives is holding back many. The Budget is an opportunity for the Chancellor to stimulate demand by halving VAT on new EVs for three years, amending proposed Vehicle Excise Duty (VED) changes, and reducing VAT on public charging in line with home charging.
New hybrid powertrain for Citroën models
Based on the latest compact and lightweight hybrid technology, this new efficient Hybrid 136 powertrain features a 48V battery pack coupled to a new 1.2-litre PureTech petrol engine. The new hybrid powertrain offers up to 1km of electric-only range for low-speed urban cruising, improved fuel economy, and a 20% reduction in CO2 of up to 26g/km compared to the existing PureTech 130 EAT8 engine, meaning fewer trips to the pumps, a reduced rate of Vehicle Excise Duty and a lower rate of Benefit-in-Kind Tax for company car drivers.
Fleets should redouble efforts on drug-driving
There is a perception among some fleets that prescribed medication was more of a problem than illegal drugs when it came driving, but that these latest reports suggested this is not necessarily the case. There is an assumption by some employers that use of illegal drugs among drivers is very limited but there are increasing signs this maybe untrue. It appears that legal drugs prescribed for medical use and those taken for recreational purposes are both potential issues.
Carbon reporting becoming bigger part of fleet management
Carbon reporting so far tended to affect larger and often multi-national fleets but there are signs that the measures would affect more businesses over time, not just on a potential statutory basis, but because larger customers were increasingly demanding it from a supply chain compliance point of view.
UK risks missing ‘golden’ investment opportunities in green revolution
Leading environmental experts, including Oxford University and the Arup Group, have forecast that new green industries could contribute $10.3 trillion to the world economy by 2050. However, the government and now the government-in-waiting have both rowed back on commitments to invest in the industries that will drive this change.
Insight: UK EV retail sales not ‘dead’ says Kia CEO
The UK market for consumer buyers of electric vehicles (EVs) is not dead, according to the head of Kia UK.
Launch report: A more affordable Kia EV9
Kia is adding an entry-level model to its recently launched EV9, a large flagship electric SUV to take on the likes of the Range Rover.