Budget comment from Zenith

Tim Buchan, CEO of Zenith, said: “It’s promising to see the Government’s ongoing commitment to greener transport, particularly in its continued investment in EV charging infrastructure. Today’s announcement represents a total £2.8bn investment in the EV sector by 2030, which shows commitment towards achieving the Government’s net zero targets.

“However, what is still needed is clarity and detail on its long-term plan for decarbonising the UK’s vehicles via taxation, grant and incentivisation. In the same vein, whilst it is heartening to see that the Chancellor has frozen fuel duty and committed to freeze BiK taxation, there is no visibility on what the structure of vehicle taxation will be beyond 2025.

“Whilst this announcement is encouraging, a more comprehensive roadmap is needed so that the fleet industry can fully understand the role it plays in supporting the Government to meet its targets and can effectively prepare for a lower-carbon future.”