A cross-party group of 42 Parliamentarians have today countersigned a letter from Neil Parish MP, calling upon the Chancellor to use this upcoming Budget to stimulate the uptake of electric vehicles.
A cross-party group of 42 Parliamentarians have today countersigned a letter from Neil Parish MP, calling upon the Chancellor to use this upcoming Budget to stimulate the uptake of electric vehicles.
This comes only days after the BVRLA, along with other leading transport, business and environmental organisations submitted a joint letter to the Chancellor making a pre-Budget plea for tax incentives to drive the uptake of electric vehicles.
Both letters make clear that taxation policy is a critical lever in stimulating demand for electric vehicles and therefore urge the Chancellor to bring forward the company car tax reduction to 2% in April 2019, rather than maintaining the current plan to increase it to 16% in 2019/20, before falling to 2% in 2010/21.
The letters emphasise the commitment being made by the vehicle rental and leasing industry reiterating the BVRLA Plug-in Pledge that will increase the number of plug-in vehicles from 50,000 today, to 720,000 by 2025.
BVRLA Chief Executive Gerry Keaney said: “The whole automotive industry is speaking with one voice on this, and we are pleased to see that Parliamentarians from across all parties are supportive of our calls. We can now only hope that on Budget day, the Chancellor will support our collective voice of reason and take the right steps to create a tax system that incentivises the uptake of zero-emission vehicles, rather than one than prevents progress.”
Read the BVRLA press release issued on 23 October here.
Read the letter from Parliamentarians on the BVRLA website here.
Read the letter from the BVRLA and other leading transport organisations here.
