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September 21 2020
Reported in the Guardian on 21st September 2020, The UK government could be looking to accelerate the ban on new fossil fuel vehicles, pulling the date from 2040 forward to 2030. The new timeline could see a reduction of 10 years over the plans which were only announced in February 2020.
According to the report, the new plans which were due to be revealed this week, might be announced later in 2020 as the government focuses on tackling the global pandemic. The government has previously consulted on plans to bring forward the deadline on sales of new polluting vehicles from 2040 to 2035. It is now expected to take a more ambitious stance following assurances that the UK’s infrastructure will be ready to cope with the shift to electric cars.
Throughout 2020 Electric car sales have been increasing. Companies are now realising the importance of growing the range and variety of electric products so they can begin to offer EVs in different sizes and at different price points.
Simultaneously as companies increase the EV products offered the situation around charging is improving. The infrastructure is growing, with additional rapid charging sites appearing and an increasing number of homes being built with a charging socket included.
Read the full Guardian article here.
Electric cars offer compelling financial incentives for business and personal purchasers. These benefits include Significantly Reduced Company Car Tax (benefit-in-kind) for company car drivers, the UK Plug-in Car Grant of £3,000 for some models, 100% first year enhanced capital allowance, Reduced Employer Class 1A National Insurance Contributions (company cars only), Exemption from London Congestion Charge, London Ultra Low Emission Zone Exemption, Salary sacrifice scheme available to business drivers as well as well as Significantly Reduced BiK Taxation for Company Car Drivers.
There has never been a better time to buy electric!
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