Following an Autumn Budget which increased clarity for electric fleets, the Spring Budget 2023 was focused on steps to curb inflation, freeze fuel duty and manage energy costs. While there were no huge surprises, the changes focus on easing financial pressures.
The take home salary boost available to employees who are able to switch from a petrol or diesel to an electric company car could help counteract cost of living pressures for them, Arval UK is reporting.
Following Chancellor Rishi Sunak’s Autumn Budget and Spending Review on 27 October, Arval UK Consulting has drawn out the key elements for fleets and drivers below.
Early this morning, the Government updated its grant scheme for electric cars, vans and trucks to target less expensive models and make a greater range of affordable vehicles available. It aims to make the scheme’s funding go further and help more people switch to an electric vehicle.
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