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Reducing the cost of driving a petrol or diesel vehicle will only serve to delay the electric transition

Director in KPMG's Infrastructure Advisory Practice, Ben Foulser comments on today’s Budget announcement

Ben Foulser comments on today’s Budget announcement

Ben Foulser, Director in KPMG's Infrastructure Advisory Practice, comments on today’s Budget announcement:

“The freeze in fuel duty and extension of exemptions for red diesel is understandable given the impact of the pandemic on jobs and incomes across the economy. But consideration must be given to how this could disincentivise people and businesses from making the shift towards zero-emission vehicles as the clock counts down to 2030.

“Alongside a convenient and accessible charging infrastructure and model ranges that appeal to every demographic, drivers and fleets will need to be encouraged with strong incentives to make the transition. Reducing the cost of driving a petrol or diesel vehicle will only serve to delay this transition.”

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For further information please contact:

KPMG Media Relations

Tel:  +44 (0) 207 694 8773

David Bertram

Mobile: 07708911622

David.bertram@citypress.co.uk

 

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 21 offices across the UK with approximately 16,000 partners and staff.  The UK firm recorded a revenue of £2.3 billion in the year ended 30 September 2020.

KPMG is a global organization of independent professional services firms providing Audit, Legal, Tax and Advisory services. It operates in 147 countries and territories and has more than 219,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.