Budget likely to have ended company car PHEV revival, says FleetCheck
- 1 November 2024
The Autumn Budget is already sparking a downturn in demand for plug-in hybrid (PHEV) company cars and looks likely to end the current revival of fleet interest.
The Autumn Budget is already sparking a downturn in demand for plug-in hybrid (PHEV) company cars and looks likely to end the current revival of fleet interest.
Electric vehicles featured prominently in the Autumn Budget with key announcements on taxation, grants and charge points that have been widely greeted across the EV sector.
The UK’s Plug-in Van Grant (PiVG) will be extended for a further year, the Chancellor has announced, providing much-needed incentives for van operators to go electric.
Tax incentives for fully electric company car drivers will remain in place after 2028 but plug-in hybrids will be hit by higher rates, the Treasury has announced in the Autumn Budget.