Further calls for EV tax breaks
The government has faced further calls from industry to announced tax breaks for EVs in the upcoming Budget.
The Society of Motor Manufacturers and Traders (SMMT) reported that the UK’s new car market declined 2.9 per cent last month to 79,594 registrations, with low emissions vehicles still only making up 5.8 per cent of the market.
In response, it is calling for a tax break on all new hybrid and EVs in order to encourage the take up of more environmentally friendly models.
That has now been echoed by Kevin Brundish, CEO and founder of AMTE Power, who said: “February’s new car registration numbers demonstrate consumer confidence in green automotive technology still needs bolstering. Next week’s Budget is the Chancellor’s chance to continue supporting the market and show that the country is serious about hitting environmental targets and becoming an attractive place to invest in electric vehicles. Manufacturers need a more central position in the supply chain, and by investing in next-generation battery technology, the transition to electrification can be better supported.
“A huge influx of new electric car models are hitting the market this year, putting pressure on the government to incentivise consumers and invest in charging point infrastructure in order to accelerate EV demand. Creating a robust UK supply chain for the production of lithium-ion batteries would strengthen the UK’s automotive sectors, making the country an attractive destination for international car-makers.
“Battery supply for the UK manufacturing industry is already struggling to meet the demand for new vehicles, and in response, the creation of full-cycle battery plants should be prioritised instead of relying on large scale manufacturers abroad. It is costly and increases carbon footprint to have these batteries imported, especially when the UK has the talent and capabilities at home.”
