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VAUXHALL RESPONSE TO SPRING BUDGET 2024

  • Vauxhall responds to the shortage of incentives supplied within the Government’s Spring Budget to stimulate the UK’s transfer to electrical automobiles
  • Vauxhall has joined the FairCharge group’s name for fairer VAT coverage on public charging to match charging charges at dwelling so these with out off-street charging usually are not penalised

James Taylor, Managing Director, Vauxhall, commented: “Today’s Spring Budget has not delivered the acceleration wanted to cease the UK’s transition to electrical automobiles from stalling. 

“If we’re to satisfy the rightly formidable targets specified by the Government’s Zero Emission Vehicle mandate (80% of all automobiles offered to be electrical by 2030) then there must be incentives for personal automobile patrons to make the swap to electrical as there are within the majority of European nations. 

“Vauxhall will already provide its complete automobile and van line-up as electrical by the top of this yr and has quite a few extremely aggressive affords out there however we can not drive demand alone. 

“Whilst there are sturdy incentives for firm automobile drivers to make the swap to electrical – together with for these selecting luxurious automobiles – the non-public purchaser who needs a extra attainable small or household automobile receives nothing. 

“Furthermore, if you happen to can cost your electrical automobile at dwelling with off-street parking then you’ll pay 5% VAT in your electrical energy. If you don’t have a driveway and depend on public chargers then you’ll pay 20% VAT in your electrical energy. We help the FairCharge marketing campaign for a fairer taxation on charging. 

“We would call on the Chancellor to urgently set up purchase incentives to stimulate the electric vehicle market and review the unfair taxation on public charging so that the UK isn’t left behind in the race to more sustainable motoring.”