A new survey of 2,000 UK drivers reveals that almost a third (30 per cent) say that if they were buying a new car or a new second-hand car they would not know whether to buy a petrol, electric or diesel one. Younger drivers, 18 – 34s, are even more undecided with 41 per cent saying they are unsure what type of fuel-powered car to go for.
Elta Automotive Ltd has expanded its range of fuel delivery modules with the introduction of eight further part numbers under its popular VXPRO brand. The new additions cater for models including the Land Rover Freelander 1.8-litre petrol from 1998-2006 (VXPRO part number EF4082), Mercedes C-Class 2.0, 2.6 and 3.2-litre petrol from 2000-2002 (EF4100), various 1.2, 1.4, 1.6, 1.8 and 2.0-litre petrol SEAT Cordoba/Ibiza, Skoda Fabia I/II and VW Polo between 2002-2014 (EF4137) and VW Transporter/Caravelle 1.9 and 2.5-litre TDI between 2003-2009 (EF4138/EF4139).
Senior sources have confirmed that the Government would announce the 2ppl fuel duty cut later this year – the first reduction of the motoring tax in eight years. “The PRA has welcomed hints carried by national media that the Treasury may be considering fuel duty cuts in the upcoming Autumn Budget”, said Brian Madderson, chairman of the Petrol Retailers Association (PRA).
The retail motor industry must do more to educate customers on the wide range of fuel choices they now face, members of the Vehicle Remarketing Association were told at the organisation’s July member meeting. Both David Bailey, professor of business economics at the Birmingham Business School, University of Birmingham, and Rupert Pontin, insight director at Cazana, spoke at the event and highlighted how this process would be crucial to future sales.
MOL and Total have signed an agreement in Budapest to provide for acceptance of MOL Group Cards by Total in its network of stations in France, Belgium, Luxembourg, The Netherlands and Germany. Total fuel cards will also be accepted in MOL’s and Slovnaft’s network of stations in Hungary, Romania, Slovenia and Slovakia.
Audi has announced that it is expanding its research into synthetic diesel fuel with a new pilot facility in Switzerland. The automaker has been engaged in synthetic diesel research for four years. The company announced the expansion of this project earlier this month.
The headline news from chancellor Phillip Hammond’s latest budget is that Stamp duty is to be abolished immediately for first-time buyers purchasing properties worth up to £300,000. Those first-time buyers purchasing properties over this amount won’t pay stamp duty on the first £300,000. However, there was less to say with regards to the automotive industry and business in general.
Nevertheless, the fuel duty rise for petrol and diesel cars scheduled for April 2018 has been scrapped. At the same time car tax for new diesel cars not meeting latest standards is to rise by one band next year. The good news for businesses reliant on deliveries is that this particular tax hike will not apply to van owners.
At the beginning of 2017, it became government policy that all petrol and diesel cars must be off the road by 2040 causing quite a media stir. Click4Reg.co.uk investigated the impact of this bill on the popularity of electric cars, and sought to identify if electric charge points are growing at the same rate across the UK.
WEX Europe Services’ presence at Transpotec Logitec 2017 in Italy allowed it to reaffirm relationships with existing customers and introduce new contacts interested in its fuel cards and telematics systems, the company stated. Held at Veronafiere, the exhibition for fleet owners and distributors attracted more than 84,000 visitors, from 86 countries, in four days. With this visitor base, WEX Europe Services, owner of the Esso Card fuel card portfolio, said the exhibition was the perfect platform to illustrate the benefits the card can provide fleets in Italy.
On 28 February, the Petrol Retailers Association (PRA) raised the issue of the Rural Fuel Duty Rebate Scheme at a meeting with HM Treasury and HMRC. Brian Madderson, PRA chairman, met with Humza Yousaf MSP, minister for transport policy and the islands, for discussions when visiting the Scottish Government in Edinburgh.
There are continuing suggestions from government sources that small businesses, especially those embracing ‘hospitality’, will be given concessions on their business rates liability in the March Budget.
With over £5 billion year higher costs to consumer from rapidly rising fuel costs, Brian Madderson, Chairman of the Petrol Retailers Association (PRA) has again written to the chancellor of the exchequer to state the overwhelming case for a three pence per litre cut in duty in his Autumn Statement.
Michelin has become the majority shareholder in Symbio FCell in the latest round of fundraising conducted by the French hydrogen fuel cell technology company. This fundraising round also saw energy company Engie come on board as an investor. Symbio FCell states that the funds raised give it “the means to develop faster, particularly in the field of hydrogen mobility.”