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Cars Registered in May

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...

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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...

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EV absolutism

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...

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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...

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Cars Registered in February

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,...

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Global BEV/PHEV Sales by Capita and GDP

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...

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Global BEV and PHEV market

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...

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Cars Registered in January

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...

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How many cars didn’t sell in 2020 and 2021?

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...

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Cars Registered in December

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...

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A look into the cars registered in 2021

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...

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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...

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Our projected growth in BEVs

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...

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Fuel duty has dropped

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...

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EV Cars Outsell Diesel

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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SMMT registrations show a rise in EVs

SMMT registrations show a rise in EVs

Analysis of the SMMT registrations stats to the end of October shows the ongoing rise of the electric car, with sales nearly double that of the same period in 2020. Registrations of PHEVs are up 90% and BEV 86%. Diesel, including MHEV, is down a colossal 24%, with the...

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Thoughts on the Net Zero Strategy

Thoughts on the Net Zero Strategy

Facts, facts, facts. It’s where we always look first. So we were interested to dig a little into the Net Zero Strategy: emissions taxonomy to better understand where the UK’s CO2 emissions are coming from. The graph below shows the split and you can see that transport...

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A day out at Fleet Live

A day out at Fleet Live

So excited were we with the prospect of attending Fleet Live that we took the whole team! We had a wonderful day catching up with many of our friends in the industry, topped off with our own Harvey Perkins presenting on the future of car taxes alongside Paul Hollick...

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A busy week for HRUX

Phew, what a week… As is so often the case all our buses arrived together this week, with three significant go-lives. We’re delighted to announce the launch of our new CarReward salary sacrifice platform in concert with Pink Salary Exchange. This revolutionises the...

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Queuing Theory on the Fuel Crisis

Queuing Theory on the Fuel Crisis

Without wanting to wade too deep into the emotive issue of the fuel crisis, I can’t help but get frustrated with the coverage focussing on supply, when the root cause is the increased demand caused by panic buying, itself induced by fear spread through the various...

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More on falling company cars numbers

More on falling company cars numbers

In 2010 the average company car emitted 147g/km of CO2, had a scale charge (the List Price x SC%) of £3,865 and the average company car driver had a marginal tax rate of 31.9%. By 2020 the CO2 emissions had fallen by 24% to 111g/km of CO2 and, despite this, the...

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CO2 emissions fall as company car numbers fall

CO2 emissions fall as company car numbers fall

Almost exactly as predicted by HRUX two years ago, HMRC confirmed last week that the total number of company cars reported in 2019/20 has fallen to 800,000*, which is down 160,000 since 2016. That’s 160,000 people who’ve moved from a regime where CO2 is tightly...

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Company car stats for 2019/20 announced

Company car stats for 2019/20 announced

It’s that time of year again folks; the HMRC company car stats are out for 2019/20. HMRC estimate there were 800,000 company cars reported in 2019/20, down 70,000 from the previous year, bringing in £2.5bn in combined tax and NIC for the Exchequer. These numbers are...

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Copyright © 2019 HRUX. All Rights Reserved.
Privacy Policy  |  Cookie Policy