- FIAT reacts to the shortage of incentives within the Government’s Spring Budget to stimulate the sale of electrical automobiles to non-public clients
- Despite lack of Governmental motion, FIAT continues to supply its E-Grant of £3,000 on all electrical fashions
Damien Dally, Managing Director, FIAT UK, commented:
“It’s vastly disappointing that the Chancellor has didn’t reinstate monetary incentives for electrical automobile consumers in as we speak’s price range.
“While the extension of a 5p cut in fuel duty will be welcome news to motorists, it’s estimated the cost to the Treasury will be around £5 billion to implement.”
“The Government has missed a chance to ringfence some or all the cash that might have come from the gasoline responsibility rise and make investments it into this nation’s seemingly dwindling electrical automobile technique.
“The Government has set the path of journey by implementing the Zero Emission Vehicle (ZEV) Mandate and Net Zero goal however is doing nothing to incentivise non-public (retail) clients to drive electrical autos.
“The numbers don’t lie; non-public gross sales account for fewer than one in 5 electrical automobile registrations in 2024 – and the general market share is method under the 22% mandated by the federal government as a part of the ZEV Mandate.
“The demand for electric vehicles is waning and we are sleepwalking into an electric vehicle crisis. The Government is also potentially putting its Net Zero target at risk.”
“Without any Government monetary incentive there’s no purpose for the patron to make the change – which is why we launched the £3,000 FIAT E-Grant final June.
“FIAT is doing its bit, but this requires a collective effort to reverse the downward trend. Unfortunately, it seems the switch to electric isn’t a priority for the government.”
6th March 2024
ENDS
Contact:
VINCE CLISHAM
HEAD OF PUBLIC RELATIONS
vincent.clisham@stellantis.com
TEL +44(0)7835 114390
LUCINDA INGGS
PUBLIC RELATIONS MANAGER
lucinda.inggs@stellantis.com
MICHAEL ARNOLD
PRESS FLEET MANAGER
pressfleet@stellantis.com
JEREMY TOWNSEND
COMMUNICATIONS DIRECTOR
jeremy.townsend@stellantis.com