BONUS PODCAST: How The UK Budget Just Blew Up PHEVs and ICE Cars
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So whatever you wanted, talk shop, just reach out call. Could graner red outcome or just not buying granger for the ones who get IT done at your job? Do you ever have to deal with a note roller about a snub pulling?

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Welcome back to even use daily, and welcome to a special bonus pod constitution, the weekend. I love to do this, whatever I can. And I put together something about a single topic.

Now this week, the U. K. Had its autumn budget, which would Normally be rather the drive fiscal affair that I catch up in the news a few days later.

However, electric vehicles were a really big parts about budget, the first budget presented by the new labor government is something like fourteen years, and the first ever budget presented by a female chancellor of the exchequer. And I was racial reves and so notable, but these were really big parts of IT. Now, a few of your fellow listeners have reached out to me via mail over the last few days.

I've had questions asked to me about what do I think about the increase tax on electric vehicles? Do I think that there should be paper mile systems because obvious ez don't pay tax at the moment or road tax v we meant to call IT. And so what's the fairst way to do IT? And do we think that we have incentives like the united states with the inflation reduction, I think gives seven and a half thousand dollars off the purchase Price of a new car? We just don't get any money off A A car unless is a van.

The blogging van grounds still exist in this country, so we don't get any money off a new event. That's all long gone. So I thought, you know what? At the weekend i'll put all of my thoughts together in a fifteen, twenty minutes show, tell you what happened this week in the budget in case you missed IT.

And if you not listen in the U. K, feel free to turn off now because IT doesn't directly affect you, but maybe IT does. Maybe you can hear some of the things that we're doing in this country that would work well in your country.

And maybe you've got some things in my norwegian listeners, for instance, would say, hey, this really worked well over here to get us the ninety five percent evs of new car sales. Maybe you could try that in your country. So i'll run through what happened, some of the changes.

Now again, this is probably mainly for my U. K. listeners. And IT gets a little bit heavy going at times because, well, these things tend to right there.

It's all full of numbers and percentages, but the end of the day, the headlines are, yeah will pay more tax as E, V drivers. You, I will pay a little bit more. But if you drive a combustion car, it's a really, really significant bit of news, significant changes to vehicle taxation and incentives.

We're not getting any money offer card. Don't get too excited. But the change is part of a broader effort to incentivise the move to zero emission vehicles in this country as part of the government's environmental objectives. And these modifications extends tax benefits for fully electric cars but seriously increased the tax liabilities for other vehicle types. And that includes plugging hybrids.

Now as you know, this year has been a bit of an up and down year, the last of eighteen months early in terms of EV sales in some countries around the world, in some countries, the answer has been all, well, no one wants electric cars anymore. But plugging hybrids are the answer actually in china that buying a lot of plug in hybrids. We've seen the big o em.

In the U. S. Ford and general motors say, wo maybe we need to make a few more plug in hybrids and bridge the gap.

Hey, by the way, the U. K. Just really hit plug in hybrid's. Odd IT will almost be pointless to buy a plug in hybrid in this country.

You should add the bion of few electric vehicle, or in the future, just going get a big combustor car if that is your kick. So let's get into IT. But plugin hybrid ds, probably the biggest losers in our get this week.

And again, that's really gonna hit some of the car makers that are just coming out with quite compelling plug in hybrids that are doing almost one hundred miles of battery electric range. IT won't make any difference in terms of the tax. Let's get into IT now.

The U. K. Is about to become one of the world's biggest E. V. Markets for a few reasons. We have, I think, about the edb Mandate, which is one of the names given to IT, basically telling the car make because you have to sell a bunch of evs or the government going to find you a lot of money for b each car that you sell if you don't hit your target in very, very rough term is quite complicated.

But because of that, the cow makers have been planning a bunch of evs in right hand drive into the U. K. And so we're at becoming a very, very important E.

V market. And until now, E, V drivers are paid uh very, very little tax if you have your car as a company car. So a lot of people in this country drive N V through their employer.

And so when you look at the stats for the U S, E S IT looks like there's no real retail market here like there's far fewer people buy their own electric vehicle privately as a private retail buyer. But that's under because so many people get IT through their employer or their business. Now we have a scheme, but salary sacrifice that's all confirmed that staying there was some doubt about that before.

Before that would have been a disaster, but that's all staying. And so of course, it's a benefit to have a company car that your employer provides you as as a free car, basically as a perk of the job that you can use at the weekend for errors and whatever. So it's a benefit like getting anything else from your employer as a benefit.

And therefore, the government want to make sure they get their little a little bit of IT because it's a benefit that you employ. I want to take you on IT, so it's GTA benefit in kind of B I K bic, in other words. And so until now, until recently, you paid zero percent so you could just have electric car from your employer and you paid, there was no tax to pay.

And I when one percent, two percent, there was and there is A A calculation which you'll get to in the moment. But evs did receive attention in terms of the benefit in kind tax. Now evs currently play very, very low.

It's two percent big rate tax, significantly lower petrol and dial starts about twenty five percent. Alex ground to order car had a great explainer on what big tax is. He said company cartage has incentivised low seo to emission since two thousand and two.

The benefit of having a car for personal use has what's called a taxi ble value. A percentage of the cars list Price waited according to its CEO to emissions, and the most plugin hybrid's electronically range. In turn, drivers benefit in kind or B I K or big tax, which is paid at the same rate.

Is their income tax banned? Now in this country, we typically pay twenty percent, forty percent of our income and income tax, depending on how much you earn, and the employers national insurance contributions. Of course, we have a national health service again, at the point of being paid in this country, we pay national insurance contributions to keep the health service running.

That is a flat thirteen point eight percent, rising to fifteen percent next April. Both the calculate did if you have a car as a share of the taxable value. So in other words, what the car maker said that, that car was worth, that it's something a bit difference to the aral, the Price that you pay for the car, but it's always nearest IT the taxable value.

Now since twenty twenty, electric cars have had ultra, ultra low rates that currently two percent providing a ninety percent tax saving compared to the petrol disease vehicles. If you getting your car through a company scheme, you might also get a plugging in hybrid or up your A V. This low rate for reviews will undergo gradual increases, rising by five percent, I sorry, to five percent by twenty seven percent in twenty, twenty eight, twenty nine, and then nine percent by the end of the decade is an incremental rise intended to maintain incentives, ravi adoption ing corporate fleet and salary sacrifice schemes, encouraging Greener updates.

And this was important because this had been touched in a couple of years and everyone was very worried about what the rates would be, what they jump up to twenty thirty percent, and they big to have a company car and the amount you pay. But I wasn't. So next year.

So in the new tax year, next year in two thousand twenty five IT will go three percent then in twenty six, four percent, then in twenty seven, five percent, then twenty, twenty eight, seven percent. And by the the fifth of April, on twenty twenty nine, whatever will all be doing by then it'll be nine percent, but that still incredibly low. This progressive increase maintains advantages over petrol and diesel, whose rates can be up to thirty nine percent by twenty twenty nine for perspective, a company car driver in the forty percent tax bracket.

So if you are a higher return in this country and you pay forty percent tax, you could save approximately four thousand, six hundred and forty pounds every year by choosing an electric vehicle for your company car rather than a petrol car that was one of the higher editing vehicles. So that's big tax um and it's going up for these, but not by a lot. So that's how we have one of our electric vehicles.

So we own the mg, that S V ourselves, by the way. But a pollstar is owned by evening news daily, which ultimately run by a limited company, of which my wife and I are both the directors of. So IT keeps the podcast and its liabilities away from our personal tax affairs.

But then we use the polestar to do all of the things like charging testing at any time I have to go anyway, interview or post. And again, we vehicle at the weekend to vary our kids around the footman practice and stuff and. So I pay two percent benefit in kind tax.

I do IT a sell, was got a self assessment and and I pay that i'm a twenty percent rate taxpayer. I'm not a forty percent taxpayer. So that is the tax on device.

And IT is kind of wildly complicated, but also really good news that just incrementally going up towards the end of the decade, lots of stability baked into a brilliant. Now for my listeners, outside the U. K, we have a thing called V E D.

Vehicle excise duty for the purpose of day's podcast, we will call IT what everybody in this country calls IT road tax. We always go IT road tax because you to have a little paper thing in your windscreen that used to go get in the post office, or you could order IT online, and you put IT in your inspiring and you display IT. IT was, I guess some people have tagged on their license place in some countries.

That's all gone. It's all gone digital and and we didn't have them in a wind screen. We still see people had the ten year old one.

They have taken them out. I love that when you see IT, and it's called veco size duty, but we call IT road tax starting from April next year. We've known already that evs will have to pay the lower rate road tax in years two to six.

So we know that if you own an evy, you've been paying zero percent. So i've had a tone of V V S in my time. I've never paid road tax on them.

But from April next year, I will get a chunky bill for a posta of one hundred and ninety pounds, which is the lower rates from years to onwards. So what's hours? hours? Twenty, twenty play hours.

One of the original postal launch traditions. And so two thousand, five years, I think I just pay. I end up paying. One year, I think of one hundred and ninety pounds. If you win A E V.

In and and it's between two and six years old, you can be paying one hundred and ninety pounds a year if that vehicle was forty thousand pounds or more when I was IT also gets class as an expensive vehicle supplement and you may have to pay more for that. But the government is going to clarify, because evs already expensive. I'll ve got onto that in the moment, but there's, I think, of the first year tax.

And a lot of evs, a lot of vehicles pay lot letting their first year in year one, almost zero, if you like. Starting from maple next year, there will be an increase in the road tax between fully electric and other vehicles. Zero mission vehicles will benefit from the lowest right, uh, the lost band.

And that's a tena. So again, if you buy a new v from April next year, you are going have to pay road tax. But it's only good at ten quid, not the end of the world.

And that's gna be the rate until twenty thirty. So if you buy a new, you be the first year. You owit a ten of a road tax. You and I can live with that.

The government has also indicated a willingness to go back and reassess what is the expensive car supplement, which is other four hundred quid or so on top of one hundred and ninety every year from years two to six. If your car was forty grand or more when I was new, look, a lot of V, V, S were. A lot of v are really expensive and still are.

And so the government say that they going to go back and look at that in a future fiscal event, whatever that means. IT will be looked at. I hope they write IT, maybe sixty or seventy because that would be, you know, forty grand.

You can top spec a vox el astra to be more than forty grand. That's not a luxury. This should not be luxury car attack on a box or air should.

And so that's gonna looked up. Now here is where really hits. And that is plugging hybrids because a lot of he was say to me, i'm not sure about going fully electrics like a footlight in a hybrid.

And oh, maybe he is on as popular as they you we're going to be and plugging hy people want to plugging a hybrid. I'm not sure you will. When you hear this news, i'll take a break and be back in a moment.

Stick around at your job. Do you ever have to deal with a nose roller? How about a snub pully? If you installing a new convey bet system, dealing with the different components can sound like you're speaking a foreign language.

Lucy, you've got a team ready to help rangers. Technical product specialists are fluent and maintenance, repair and Operations. So whatever you want to talk shop, just reach out, call a granger outcome, or just up by granger for the ones who get IT done.

I welcome back to the podcast. Now let's talk about the impact on hybrid vehicles. While fully electric vehicles enjoy favorable treatment, plug in hybrid vehicles will face a lot of extra taxation. As the R A C wrote this week, the biggest news is a ten folding greece ww in the first year car tax for cars, a meeting between one gram of C O two berkeleys and fifty. So any way to get zero was to go full electric.

So in a zero mission vehicle, obviously going to be electric even if you get a plugging in hybrid, you're always going to be admit, at least a one gram of C O two. But if you begin one and fifty, it's a ten fold increase. You used to pay a tenner, now you're going to buy a hundred and ten pounds.

The vast majority of plugging hybrid cars will fall into that ban. Plugin hybrid's experience notable tax hikes as well. Under the new budget from April, new regulations impose a new big tax again, if you have a plug in hybrid as a company car.

And many people did because IT was very advantages and they never charged the dam things because they they really want a log in hybrid that you just a bmw with a big engineer, but I will get the e version with the battery. And I never change just because there were so many tax advantage as such, a massive loophole. And lots of people did charge them, by the way, I was so IT was everybody, but a lot of people just didn't want a plugging hybrid, but you've got one for the tax reasons.

So they're gna impose a flat eighteen percent big tax on plug in hybrid, the emit between one and fifty grammes CEO super kilometer that goes to twenty percent in twenty, twenty nine and thirty. And that's a steep rise for any hybrid vehicle currently benefitting from the lowest rate. For instance, the new voice of our on gulf e hybrid I raved about last week on the podcast, it's got electrically range of eighty eight miles.

It's the new power train that's gone in the new oui as well, almost one hundred miles of pure electric range that's really, really decent. But you still shouldn't get one a because I had a tax rate of eight percent is going to eighteen percent big tax. And so what effectively that means if you're in a twenty percent taxpayer? So let's try put some real numbers on this.

We're getting deep into the waiter, if you like me, or a twenty percent tax, twenty seven right tax pie, the lower rate of tax, national income tax, you'll be going for paying forty nine pounds a month to the government for the benefit of having that company car to one hundred and eleven pounds a month for having that golf plugging hybrid. So you've really GTA want the car to pay well over a double every month to the government index for the privilege of using that company card at the weekend. The black and hybrids that can do at least one hundred and thirty miles on battery, the big pack, the big tax will also jump up.

But there's no there's no plug in hybrid go that far. And so at the minute, that is also a point. Fleet news wrote that in a move which significantly impact drive as a plug in hybrid company caused the appropriate percentage of percent rate for vehicles which produce between one and fifty C O two grammar kilometer will be amended.

IT goes to eighteen percent in this in twenty twenty eight, by the way, eighteen percent and nineteen percent the following year. The appropriate percentages for all other emission bans increased by one percent every year, up to a maximum if you're combust in vehicle of thirty nine percent by twenty nine. Now this is money not cut at U.

K, had a really good example. They picked up a good example of the difference. IT makes debate to driving electric car versus a combustor car with these increases that are happening.

So let me explain to you go how IT works. If you have a forty thousand pound electric car, we just take the example of forty grand, and that is two percent big tax. If you drive a company car and you get to use IT for personal use.

So you take two percent of that forty percent purchase Price. Take a typical combustion car, like I say, that could be thirty nine percent by the end of the decade, but the minute about thirty one percent for typical Scott, that emitted like a hundred thirty grams of co two per. And so for the electronic car, the costs forty grand, which is two percent big tax.

You take two percent to forty grand and then if you're a higher rate taxpayer, so you pay forty percent income tax because you a little bit more, then you pay forty percent of that two percent which on a forty grand v would be three hundred and twenty pounds a year or twenty six pounds a month. You might argue if you are a higher rate taxpayer, not really a huge part of money every month to losing your paycheck, twenty six quid to get a car that you can also use for your own personal use for me, your employer. But take that combustion car what you're playing at the minute.

Thirty one percent of that forty grand, that's twelve a half grand a year. And then if you're a high rate tax payer, you point forty percent of that two thousand and a half grand, which is five thousand pounds a year or four thousand nine hundred and sixty or four hundred and thirteen pounds a month, or all of a sudden losing four hundred quid from your paycheck every month, even if you are a higher right text by you going to notice that big time that puts company car tax savings running v versus a ambushing car at four and a half ground a year, or three hundred and eighty hundred and ninety pounds a month. It's obvious even if you don't want an E V, you're gona drive an E V because it's gonna so disadvantages to drive the combustion cup.

Changes to the road tax or start in eight or twenty twenty five and expands the tax gap between zero mission vehicles and other vehicles. Now this is where you already already get hit by the wait. Evs will preserve like is at the first year road tax rate of ten percent till the end of the decade, hybrids are going na start paying more road tax.

They'll start in their first year hundred and ten pounds, like I say, and even higher rights for combustion vehicles. So first year road tax rates for hybrids, hundred and ten pounds, hybrids that have slightly higher emissions, hundred and thirty pounds, uh, but everything else gets absolutely what up the budget. Avoid an increase in fuel duty.

That's the only good news for combust an car drivers by extending their freeze on fuel duty continues the trend of avoiding inflation linked increases. The policy criticized by envionmental grapes for contributing to rise and co to emissions, maintaining the freeze on fuel duty at the five percent, the five pens cut is estimated to have safe drivers about sixty quid a year, but costing at the treasury about one hundred billion pounds since he was brought in in twenty ten. Some good news, by the way, for businesses, the hundred percent first year allowance for evs and charging stations has been extended for one more year.

This measure allows businesses to detect the full cost of an E, V or a charging station from their pretax profits, providing a big financial incentive for evy adoption. But what about if you want to drive a combust an car? now? I don't know.

You don't. Maybe, maybe you do, I don't know. But what about you A A car at the weekend so you got you drive an E V, have something interesting in the garage for the weekend or just I don't know, you have somebody who tells you that evs are rubbish.

They're never going to buy when they are always going to buy perel and dizon. Well, remind them of this. The road tax changes, again, we call IT road tax.

It's V E. D. But the road tax changes from next April. This was the bit that got over newspapers. The opinion columns really worked up on thursday, on friday, this week because they're doubling IT for combustion cars.

So for anything that emits more than seventy six grams of C O two per kilometer, which is everything with an engine, really there's not massively hybridizing. It's doubling the vd rates. So you go by yourself something nicer place like A V W golf, one point five tsi doubling that, you paying another two hundred and twenty pounds to four hundred and forty pounds rote tax a year.

What about something big like A B M W X five and sixty hy performance, you're going to pay another two thousand seven hundred and forty five pounds and that extra on what you are already paying. And what if you pay? You drive something like A A rain driver actually loves a rain drovers in london. Well, that's obviously a higher emitting vehicle. So they V D, the road tax jumps from two thousand and seven hundred and forty five to five thousand, four hundred and ninety pounds.

It's five and a half grand a year road tax that I mean, if you can afford to pay an extra five and a half ground when you buy your vehicle in your first year road tax ww, and i'm complaining about ten quid revs, five and a half grand for those big beamers and va petrol range rovers, wow. Five and a half ground a year road tax now even even a bit of one point two later foxo. Cause that just tips over a hundred grams of C O, two per kilometer.

Um that is going to stupid, four hundred pounds erotics. wow. incredible. I go by an vy. If I were you at now, there's a little bit tiding up on some loose ends. A double cab pick up as until now been a commercial vehicle at a very, very low right, like four grand taxable rate double cap pick up, which you gets a nice double cap pick ups with a bed are basically just nice cars in a very linear tax treatment, now classified as passenger vehicles to make room next year so big. And national insurance contributions calculated based on the sea to missions rather than a flat rate, which is, I was less than four gram when IT significantly increasing tax liabilities.

The ford anger, X, L, T, nice vehicle with this new monthly big tax for twenty percent tax, a tax payer you'll be paying from sixty six pounds a month at the minute on a double cab pick up to two hundred and forty four pounds per month for that four ranger to drive at least maybe how that as a personal vehicle or as a business vehicle, anything you buy before April the fifth next year remains under the old tax rules. So good. bye.

Walk away right a bit on the investment they talked about in the budget. Significant investments in infrastructure include five hundred million for road maintenance, two hundred million a for new evy charging infrastructure, which is a drop in the ocean ready. But no, not going to turn down two hundred million for new charges, but still that's for local authorities to install on street charging points in england aimed expanding the existing network, focusing on underserved the urban areas in motor, hundred and twenty million for electric van acquisition in the plug in vehicle van, the plug vehicle grant the fans and more funding for wheelchair accessible electric vehicles.

The government extended business focused incentives, like to say, the hundred percent first year allowance, support for salary sacrifice, two billion pounds of funding over five years to promote zero emission vehicle production in this country, and a national wealth fund as they strive towards investing in Green technology and a focus on zero emission vehicle manufacturing ing and supply chains. But not very specific what that means. Now the government reaffirm their commitment to the twenty thirty combustion ban, which the old government, the conservative, has made as a political issue of voting issue that can push back and our promise to rushes soon at trying to score for your political points without, I think I much already believed what he was saying.

He was, I go, we will get these elevate cars. Well, they got voted out and the new lot that came in, uh, said, I know we going to bring that back. So twenty, so we are a little bit ahead of europe.

Twenty thirty. In five years time, we will ban the sale of new pure condition cars. So if you want to buy a new vehicle from twenty thirty onwards, you will have a degree of battery hybridization, whether that is a mild hybrid or whether IT has to be a plugging hybrid.

Again, they have not been specifically, I suspect, the lobbying from the likes of toyo's. Anyone who makes just general hybrid, ca. Will will say, well, we've got, you know, a two killed one hour battery there and its hybrid technology and it's Green and it's tree hugging and the'd probably wave during eye.

Personally would love to save if it's got a plus socky on the side of IT. You can add electricity, then you can sell IT from the first of january twenty thirty. And not sure the government will agree with me on that one.

And they have been Willy and fluffy, their definition until now. They just haven't had to clarify there. A new government, they will get into IT all new cars and advanced from twenty thirty five must be zero emission, doesn't have to be electric.

But from twenty thirty five in ten years time, everything on the road that's new and cause lasting fifteen, twenty years. So we're still going to petrol on days on the road to twenty fifty. But but new interiors time will be zero emissions, which seems like a lifetime away to me.

And they were investing Green projects in carbon capture and storage. In terms of the twenty thirty five can bus around the the precise wording was and I quote, committed to facing out new cars that relies solely on internal combustion engines by twenty thirty and that from twenty thirty five on u cars and van sold in the U. K.

Will be zero emission and quote now the repercussions a huge got some quotes here that i've been finding from around the industry would take a quick break again. And when we come back with, everyone had to say about this back mode, I welcome back to the podcast. We will finish off today with a load of reaction on this and um hopefully that is not gone completely over ahead as is for me.

The first three hours I was writing this podcast had to trying get my head around IT all then working hours was going to explain IT to my non UK listening is might be going, how do you do attacks company car users? Basically, don't buy a plugging hybrid. Don't get a double cp pick up.

Go get a fully v owners of conventional vehicles, my friend and you might be stuff ed you ve got a big a vehicle five and half grand a year on a road exacts wow. Ah the fleet and automotive industry salary sacrifice sticks around that's all good general consumers wasn't very good budget that we could do with more incentives of the purchase Price of an event supplies and retailers yeah case and stuff in there for them as well. Who said what then? Well, James caught.

Who is the sea of eva, england? That is great to see the chance of backing electronic vehicles in her budget with an extension to the company car tax and changes to road tax and the backing british industry. Additional funding for charge point infrastructure is good news for current and future V, V, drivers as the U.

K. Continue to push towards the transition to a clean transport system. Ian johnston, friend of the podcast, had anyone three or four times now over the years. He's the sea of osprey charging network. One of the best ones out there said it's fantastic news.

The government is maintaining tax benefits for working people who leased or by electric cars, as these are vital to incentivising more consumes to drive electric and continue to the growth of private driver v sales. We look forward to seeing the government maintain a strong Z V, Mandate the source m to allow the U. K.

To truly realize the multi billion pound opportunity the inability sector can bring to the U. K. The sea of the electric skin, tom groot said today's announcement is a big vote of confidence in the pivotal role that salary sacrifice is having and driving evy uptake.

The confirmed extension to low big rates for zero mission vehicles will make evs more attractive in the medium term and provides certainty in the short term for businesses looking to implement electric cars. Mike hours was the C. O of the society of motor manufacturers traders.

In other words, speaking on behalf of all the car makers are the lack of substantive measures, he said, to support the new car market in particular release is hugely disappointing. We welcomed the extension of the pluggin vang ground and company context benefits, but these alone cannot drive the growth of demand as needed with the sector chAllenge to deliver the world's most ambitious EV transition target and achievement of targets is in serious doubt. There must be an urgent review of the market and regulation, else the cost will soon be felt in reduced U.

K. investment. Raising the alarm that paul holic is the chair of the association of fleet professionals that the tax increases will not severe as anticipated and the clarity will support the electrification of catholic James letter, who is the editor, also data the benefits of salary sacrifice and helping people least new zero emission vehicles could not be underestimated.

The scheme is successfully incentivised both private and fleet drivers to switch to electric vehicles, making them financially accessible for many like N, A, G, staff, police forces and local authorities. Richard stavely, then you see V, O, charging. So there's a significant lack of support for businesses transitioning to electric vehicles, stressing the unnecessary for infrastructure investment in huge the sea of zenis, said labor's recognition of the need to review the expensive car supplement is welcome, but Better support is needed to boost the E.

V market, I really great with that as forty grand is not particularly luxury card these days is IT and the climate group had a lot to say about the vat rate on public charging, which is still twenty percent not being reduced five percent like we pay at home. Vicky rate is the C, E, F charged UK, the industry body representing the charge points dollars. While frustrating that the rapid charging fund was not reconfirmed, we welcomed the two hundred million pounds of public funding for charge points, which we understand is in addition to existing infrastructure funds.

We look forward to discussing how to maximize zed the impact of the funding. However, to really supercharge the U. K.

Transition to E, V and unlocked for economic potential, the government needs to show up the six billion dollar of the pounds of private investment in charging, and that's any interesting point of vici makes um two hundred and million of the government putting into more charges is really a drop in the ocean when private industry has put six billion pounds into IT you this private industries ston the heavy lifting in this country but all the money is useful. So the twenty twenty four thousand and budget from the U. K.

Government was a big moment for electric vehicles, big moment for combustion as well because they got a lot more expensive to drive. One of those benefit in kind changes staying low at, but really impacting really hitting plug hybrids very hard. And the shift to road tax changes as well for plug hybrids and combustion IT really makes driving like tric vehicle the only option if you want to have lowest costs of motoring.

So we got the outline plans for these tax incentives. Now we need to hear more about how business can implement these are. We still needs a comprehensive measure to address any market gaps.

And I still think to help private retail bias get money off, the vehicles at the point of purchase was sorely lacking, but that we can so a lot in the podcast I did you enjoy that one. Oh no, my good. That was more than half.

Now, i'm sorry about that. Me, a new chit, jane, as I just made. Jit jane, new listening. I love to hear you. Let's keep the conversation going.

Email me hello at evening ily duck com made the conversation to what I D love to hear from you. I think about the way the U. K. Is doing IT.

What about where you're listing around the world? What's the best way to move to easy just to get money off cars as a tax petrol? And this is a little bit everything I want the answer, but I like talking about and like talking about IT with you anyway that you put cast for the big thanks for listening more. And remember, there's no such thing as a self charging hybrid, A.