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Cars Registered In February
Another month, another lovely set of registration data from the Society of Motor Manufacturers and Traders (SMMT). And it is lovely, because it's charting a marked improvement overall in a market that's so important to the UK economy. Things to note? 1. Overall we're...
A tale of 4 Januarys
The Times describes January's UK EV figures (13% of all cars registered) as a "slump". So obviously we don't have their resources, but here's a simple graph comparing the last four Januarys by fuel type. You can see that 2023 represents a marked recovery overall, and...
Cars Registered In January
January registration data from the Society of Motor Manufacturers and Traders (SMMT). Overall the market is up 15% on January 2021. BEV is up 20% year on year at 13% of total registered cars (down from 33% in December, as might be expected). Only diesel is down year...
Threats to UK car production and lessons from the past
Something really bad happened to UK car production through the 1960s to the 1980s. Arguably we went from world leader to “also ran” in just twenty or so years. Books have been written about what happened and who was at fault, the unions, management, Government ….?...
Car Registered In October
After the good news in September, October was another better month for UK car registrations, up overall by 26% year on year according to the Society of Motor Manufacturers and Traders (SMMT) As usual BEV was a big mover – up 23% on October 2021. Unusually, however, an...
EV tipping point and hot baths
If, like me, you've ever left a bath running and found there's no hot water, it ends up stone cold. You go fill a kettle and pour boiling water in but the bath's still freezing. So why do people say that we’ve reached a “tipping point” with the transition to EV when...
Fleet and Mobility Live
Didn't we have a lovely day, the day we went to #FleetAndMobilityLive 2022... But what did we learn? Well, we learned that there's cork in the Mazda MZ-30 because Mazda started out as a company producing cork. We learned that the employee tax treatment of a company...
An increase in PHEV and EV company cars
We know that by the end of March 2021, the number of company cars in the UK, as reported by HMRC, had declined 10% year on year to around 720k units. We also know that the total company car tax and NIC take fell to £2.1bn (having peaked at £2.5bn). Over the...
Company Car Statistics 2020/21
The company car stats are finally out for 2020/21, with a slight delay of 2 months later than last year’s release. According to HMRC the number of company cars continue to decline, there being only 720k company cars for 2020/21 (6 April 2020 to 5 April 2021), this is...
EVs Registered in August
Stupidly, I managed to step out in front of a VW ID3 yesterday. And when I jumped back on the pavement, I noticed the car coming the other way was also an ID3. In the next five minutes or so, I counted 8 EVs driving around Milton Keynes. It got me thinking… so I’ve...
Cars Registered in June
As usual, we are sharing the update for June UK car registrations based on data released by the Society of Motor Manufacturers and Traders (SMMT). Points to note: In general, we see much lower registrations this year compared to last (In 2021 for Jan – June, 910k cars...
How do we reimburse for electric cars?
Mr Brown goes off to town on the 8:21….. or at least he would if the trains were running. So instead he drives his new electric car. The car has a 280 mile range and he charges it overnight using a 7.5kwh “smart” home-charger at the equivalent of 3p per mile. The town...
A history of AMAP
I’ve been working in tax since October 1984. And virtually from the get-go there’s been questions about business fuel reimbursement Back in 1984 there was no AMAP. There was something called the Fixed PROFIT Car Scheme (FPCS). I’ve capitalised the word PROFIT because...
Cars Registered in May
The Society of Motor Manufacturers and Traders (SMMT) registration data for May is now out and reflects the trends we've seen over the last three years. The usual graph is below, showing the split between fuel types month on month for the last 13. Would it be safe to...
DVLA Figures are out
The DVLA has issued its annual update on the total number of vehicles licensed on UK roads in 2021. This confirms the trend we’ve seen over previous years; we have more vehicles and they are getting older. In 2021 the total number of vehicles rose to 40.3m, of which...
EV absolutism
You could argue the UK’s policy towards private cars amounts to “EV absolutism”. If you can’t afford an EV, with its green number plate stripe, then it doesn’t seem to matter whether you have a 20 year old diesel or a brand new euro6 petrol hybrid. As always things...
Harvey Perkins Article on Electric Company Cars
HRUX's co-founder Harvey Perkins has written an article on why employers should be looking at electric company cars right now, and just how confusing is the UK tax system. If you think basic rate means 20%, take a read of the article and why a 2% tax charge on company...
David Chandler writes in Tax Voice
Our very own David Chandler writes in Tax Voice about electric vehicles, related tax issues and what the future may bring. https://lnkd.in/ge7ueshn (see pages 26-29)
Cars Registered in February
So it’s another month and another set of SMMT data. And still we’re looking for some indication of where the market is going, when the truth is that supply is horribly restricted by component shortages; chiefly of semiconductors. So what can we conclude? Well for one,...
Global BEV/PHEV sales in China, Europe and America
This is my third and final post about the global distribution of EV/PHEV sales. The graph below splits the figures for 2019, 2020 and 2021 between China, the EU (including the UK), the US and the rest. It really makes it clear how China dominates (in absolute terms)...
Global BEV/PHEV Sales by Capita and GDP
The UK was the fourth largest market in the world for EVs/PHEVs in 2021. We thought it might be interesting to look at the top eight not only in terms of absolute market share, but by GDP and populations. As you can see from the table below, we get some very different...
Global BEV and PHEV market
The UK was the FOURTH biggest market for plug in vehicles globally in 2021 (up from 5th in 2020). The graph and table below show how the split between the top ten has changed over the last three years. China remains the world’s largest market with 50% of all new BEV...
Cars Registered in January
After achieving a record UK market share of 26% in December, BEV registrations as a proportion of all new cars fell back to 12.5% in January 2022 according to the Society of Motor Manufacturers and Traders (SMMT). That compares to 6.9% in January 2021. This was the...
How many cars didn’t sell in 2020 and 2021?
1.5 million cars. You could argue that’s how many DIDN’T sell in the UK in 2020 and 2021. This is comparing the average of 2.4m for the three preceding years to the 1.6m registered in both 2020 and 2021. If we assume the cars we didn’t buy cost an average of £30,000...
Cars Registered in December
26% of all new cars registered in December were fully electric. I've read a lot about this on this forum, with a lot of commentators hailing it as the new normal. And it is good news. But is it the new normal? in my post on the subject, I started with the line...
A look into the cars registered in 2021
Clearly we need to be careful reading too much into 2021 UK new car registrations given the crazy year we’ve just had. A combination of COVID and chip shortages meant that overall only 1.65m cars were registered, slightly up on 2020 but well short of “normal”. In...
Government cut the plug-in grant
Staggered to report that the Government has cut the plug In grant to £1,500 (from £2,500) for cars costing £32,000 (down from £35,000) or less with immediate effect. We’ve posted three times in recent weeks about the need to keep the pressure up to get people to...
Our projected growth in BEVs
Approx 1% of the 31.7m cars on the road in the UK are now EV. 15% of cars registered in October were EV. At this rate of change, it got us speculating at HRUX how quickly we’d see the average car on UK roads being electric? We've produced the forecast below which...
Fuel duty has dropped
HMRC have published the fuel duty receipts to April 2021. Not surprisingly, given the pandemic, it's down year on year, but the amounts involved are eye watering. If you look at just the fuel duty the country lost £6.64bn in 2020/21. Add in the related VAT and the...
EV Cars Outsell Diesel
EV cars outsells Diesel (inc. MHEV) in October 2021 at 15% versus 11%. The graph below analyses SMMT new car registration data in each October for the last 6 years by fuel type. Interesting to note how petrol (again inc. MHEV) is hanging on it there. Increasingly we...
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