Justin Benson comments on the Chancellor’s announcements in the 2020 Budget.
Justin Benson, UK Head of Automotive at KPMG, comments on the Chancellor’s announcements in today’s Budget. He said:
“The Government’s willingness to support clean vehicle technologies to improve air quality and the environment is important. Whilst regulation is already in place for cleaner vehicles on the road, cutting taxes on these is the right way forward, particularly to boost consumer demand. This will also encourage car manufacturers to develop these cleaner technologies more quickly.
“Another boon for the sector is the £500m announced for car charging hubs, which should help to alleviate range anxiety for consumers interested in electric vehicles. However, whether this is new money – and not the £400m announced via the Industrial Strategy - remains to be seen. So watch this space, as more detail is needed.”
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