David Taylor, MP for Hemel Hempstead, visited LCV Finance & Leasing in Hemel Hempstead to hear directly from a local business about the challenges facing the vehicle leasing sector as it supports businesses and drivers through the transition to zero-emission vehicles.

The visit, which took place on Wednesday 27 May, saw Taylor tour LCV Finance & Leasing’s site and meet with the business to discuss the issues currently affecting the sector and local commercial vehicle users. LCV Finance & Leasing Ltd is a member of the British Vehicle Rental and Leasing Association (BVRLA), the trade body representing 1,000 companies across vehicle rental, leasing and fleet management.

During the visit, Taylor heard about the impact of recent tax changes affecting double cab pickups. LCV Finance & Leasing raised concerns that the changes could increase costs for farmers, tradespeople, small businesses and other commercial users who rely on these vehicles for work.

Discussions also focused on the proposed electric Vehicle Excise Duty (eVED) pay-per-mile model and the potential impact it could have on electric vehicle uptake. The BVRLA has warned that introducing a new visible cost for EV drivers at this stage risks adding complexity and undermining consumer confidence at a critical moment in the transition. BVRLA polling shows that 46% of drivers would be less likely to buy an electric vehicle as a result of the policy.

The meeting also covered the importance of maintaining incentives while the market continues to develop. With businesses and drivers still adapting to the shift to electric vehicles, there are concerns that rolling back support too early could weaken demand and make it harder for businesses to plan future fleet investment. This included the need for greater long-term certainty on low Benefit-in-Kind rates, which remain an important part of the business case for electric company cars and vans.

David Taylor said: “Businesses such as LCV Finance & Leasing play an important role in supporting local firms, tradespeople and drivers with the vehicles they need day to day. It was valuable to hear directly from Stuart and the team about the challenges they are facing, particularly around double cab pickup tax changes and the wider transition to electric vehicles.

“The shift to cleaner transport is important, but it must work in practice for businesses and consumers. I am grateful to LCV Finance & Leasing and the BVRLA for raising these issues with me, and I look forward to continuing the conversation.”

Stuart Gazeley from LCV Finance & Leasing said: “Our customers rely on vans, pickups and light commercial vehicles to keep their businesses moving. Policy decisions around tax, EV incentives and charging infrastructure can have a very real impact on affordability and confidence. We are grateful to David for taking the time to listen and engage with the concerns of a local business.”

Zohra Chagani, tax and economics lead, BVRLA, said visits such as these are a vital opportunity for BVRLA members to show how national policy decisions directly impact local businesses and drivers.

“The discussions around eVED in particular reflect just how worried the sector is at the moment. Introducing a new, high-profile cost for electric vehicle drivers too early could weaken confidence and slow demand at a critical point in the transition. Our own research shows the announcement alone has made drivers less likely to consider switching.

“We are grateful to David for taking the time to hear these concerns directly and discuss how measured policy implementations can support a practical and proportionate shift to electric.”