SMMT urges government to maintain EV incentives

Concerns raised over the impact of the upcoming change to Vehicle Excise Duty on EV uptake

SMMT urges government to maintain EV incentives
Photo: Bigstock

The Society of Motor Manufacturers and Traders (SMMT) has expressed concern over the upcoming change to Vehicle Excise Duty (VED) for electric vehicles, stating that it could discourage consumer adoption.

In a recent statement, SMMT Chief Executive Mike Hawes highlighted the importance of government incentives in driving the transition to electric vehicles. While EV sales are increasing, they remain below government targets.

Hawes noted that the upcoming VED changes, which will see most EVs liable for the Expensive Car Supplement, will significantly increase the cost of ownership for many consumers. This, coupled with the ongoing economic challenges, could deter consumers from purchasing electric vehicles.

SMMT emphasised the need for continued government support to encourage the widespread adoption of EVs.

In other news, SMMT hosted the inaugural Drivers of Change awards, recognising individuals who are driving positive change within the automotive sector, particularly in the areas of diversity and inclusion.

The awards highlight the importance of fostering a diverse and inclusive workforce within the automotive industry.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>


The reCAPTCHA verification period has expired. Please reload the page.

Have your say!

0 0

Lost Password

Please enter your username or email address. You will receive a link to create a new password via email.