EV market given welcome boost from Autumn Statement

The BVRLA has welcomed the news of long-term support for the EV market in today’s Statement. By keeping electric company car tax rates low and giving clear foresight up to 2028, the decision demonstrates the powerful impact of the association’s #SeeTheBenefit campaign and the strong voice of the fleet sector.

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Commenting on today’s announcement, BVRLA Chief Executive, Gerry Keaney, said:

“Today marks a key milestone in the UK’s transition to zero emission motoring and cements the momentum we have gathered in recent years. Our sector is the driving force behind getting cleaner, greener vehicles on UK roads, with the tax regime a critical lever in making it happen.

Our #SeeTheBenefit campaign had clear asks around keeping rates low and giving drivers confidence in future rates. The government has listened. We have engaged with MPs, the Treasury and the Chancellor directly, with our voice bolstered by input and letters from thousands of BVRLA members and industry professionals.

“Benefit in Kind rates remaining fair, alongside the clarity provided by years of foresight, gives us a clear path on the road to net zero. The long-term health of the market has been boosted by today’s announcement.”

As the trade body for the vehicle rental, leasing and mobility services sector, the BVRLA’s members own and operate around four million vehicles in the UK. The sector is already responsible for the majority of battery electric vehicle registrations, with BVRLA members responsible for around half of new vehicles sold in the UK each year.