"As the year draws to a close and the final registrations are coming in, the Chancellor's Budget announcement has not reassured the industry."
"We should be taking every opportunity to encourage drivers to make the switch, not punishing them for doing so, else the ambitions of Government and industry will be thwarted."
"A growth slowdown in November proves that now is the wrong time to introduce taxes on EV drivers and that further cost pressures for manufacturers and fleet managers will keep the sector from achieving a 28 per cent market share target set by ZEV mandate."
New car registrations declined by 1.6% in November according to SMMT research. This marked the sixth monthly fall of the year as overall purchases fell 5.5%. Industry leaders reported weakening buyer appetite and expressed concern that the Chancellor's Autumn Budget and proposed pay-per-mile charges for electric vehicles would depress demand. Sue Robinson said the Budget announcement had not reassured the industry as final registrations arrived. Mike Hawes warned that penalising drivers switching to electric risks thwarting government and industry ambitions. Melanie Lane said November's slowdown shows taxes on EV drivers and added cost pressures could prevent achieving the 28% ZEV market share target. Rachel Reeves was accused of punishing drivers with tax hikes.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]