Budget: BVRLA urges “more ambition” on net-zero
The British Vehicle and Rental Leasing Association (BVRLA) is urging the Government to show “yet more net zero ambition” in its Budget to encourage wider adoption of electric vehicles.
As part of its Budget submission, the association has outlined four key asks that will support the UK’s drive to decarbonise, including plans to freeze vehicle excise duty rates, remove charging VAT disparity, provide “foresight” on road pricing, and introduce a successor to the Green Super Deduction.
The Spring Budget, due on 15 March, is when the UK government will outline its tax and spending plans and follows the Autumn Statement delivered in November 2022.
The association said it would continue to engage with policymakers and push for positive change in the Spring Budget, including hosting a free webinar during Decarbonising Transport Week on Wednesday 8 March to explore the challenges facing fleets.
Toby Poston, BVRLA Director of Corporate Affairs, said: “Last Autumn the Government maintained momentum in fleet decarbonisation by delivering greater certainty on supportive Benefit in Kind tax rates.”
“Now we are asking them to apply the same logic to other elements of the motoring tax regime. Together, these measures would provide a wider boost to business investment in zero emission vehicles and infrastructure.”
Image of Toby Poston courtesy of the BVRLA
