The UK Government missed an early opportunity to give the transition to zero-emission vehicles some welcome support, failing to reference the impending electric vehicle tax hikes or its recent ZEV Mandate consultation in today’s Spring Statement.
Responding to the Chancellor’s address, the BVRLA has reiterated the need for bold action to meet bold decarbonisation targets.
BVRLA Chief Executive, Toby Poston, said: “Electric vehicle registrations have never been higher, but the fleet and mobility services sector’s confidence in a fast, fair and affordable net zero transition is wobbling. Today’s Spring Statement failed to acknowledge or address the uncertainty and lack of confidence surrounding the electric vehicle market.
“Our current decarbonisation targets are at major risk unless policymakers deliver a comprehensive set of measures to drive long-term demand. The clock is ticking, and next week’s VED hikes will see that pressure building.”
