RE: Huge potential for EV Charger sales5 Mar 2020 12:19
If this happens, there's no way the grid can expand fast enough or far enough for many fleets, town centres, or remote locations. AFC has the solution and buyers will form a queue behind the existing substantial queue for it!
The car industry is now urging the Chancellor of the Exchequer to remove VAT on electric cars, hydrogen cars and plug-in hybrids - a move it claims would boost sales of such vehicles to nearly one million units over the next five years.
.
In addition to wanting to see a removal of VAT on electric cars, the SMMT wants the Chancellor to use the upcoming Spring Budget to announce “bold new measures to make new-tech zero emission-capable cars... more affordable”.
.
In 2020, manufacturers are set to bring more than 23 new all-electric models to market, as well as 10 PHEVs. The take-up of these new models depends, however, on “affordability and the provision of adequate charging infrastructure”, the SMMT says.
.
The organisation adds that the removal of VAT from electric cars combined with the long term continuation of the critical plug-in car grant, its reintroduction for plug-in hybrids, and exemption from VED and insurance premium tax, could reduce the upfront cost of ultra-low emission and zero emission vehicles by as much as £10,000.
.
Mike Hawes, chief executive of the SMMT, commented: “Another month of decline for the new car market is especially concerning at a time when fleet renewal is so important in the fight against climate change.
.
“Next week’s Budget is the Chancellor’s opportunity to reverse this trend by restoring confidence to the market and showing that Government is serious about delivering on its environmental ambitions.
.
“Industry has invested in the technology, with a huge influx of new zero and ultra-low emission models coming to market in 2020, and we now need Government to match this with a comprehensive package of incentives and infrastructure spending to accelerate demand.
.
“To drive the transition to zero emission motoring, we need carrots, not sticks - as the evidence shows, talk of bans and penalties only means people hang on to their older, more polluting vehicles for longer.
.
https://www.autoexpress.co.uk/news/105893/new-car-sales-2020-registrations-down-29-cent-february
Sign In
Follow the stocks
