Government has announced £30m of investment in EV and hydrogen technology to help launch studies into the creation of a UK lithium supply chain, improvements in battery safety and the re-use of car batteries.
The Society of Motor Manufacturers and Traders (SMMT) has accused the UK of making “the wrong move at the wrong time” with a decision to slash the plug-in car grant incentive on an electric vehicle (EV) purchase.
Car manufacturers and the Society of Motor Manufacturers and Traders (SMMT) have been accused of “scaremongering” in their efforts to lobby the UK Government over its 2030 ban on diesel and petrol cars.
A What Car? survey of 2,359 in-market car buyers has found that 59% are now poised to purchase on April 12 following Prime Minister Boris Johnson’s announcement on the re-opening of retail after COVID-19 ‘Lockdown 3’.
Car retail group bosses from Cambria, JCB Group and Arbury Group were among those hoping that news of showrooms re-openings on April 12 will be the start of a prolonged bounce-back from COVID-19 ‘Lockdown 3’.
The National Franchised Dealers Association (NFDA) has received confirmation that car buyers in Scotland can now complete their purchase with a scheduled click and collect handover inside a dealership's showroom.
Measures to encourage car buyers to opt for electric models ahead of the Government’s planned 2030 ban on the sale of new petrol and diesel cars are expected to be introduced ahead of the cut-off date.
The UK Government has confirmed that it is reinstating the VAT margin scheme for cars imported and resold by car retailers in Northern Ireland – avoiding pressure on dealer margins and price increases for customers.
Customers’ response to the latest COVID-19 lockdown measures in England and Scotland will be key to the automotive retail sector’s success in delivering click and collect car sales in the coming months.
Car retailers impacted by the new ‘Tier 4’ COVID-19 lockdown restrictions imposed in the South East were among those who told BDO that the incoming vaccine will deliver a “sharp recovery” from the pandemic.
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