Feeds

Budget to make e-cars better for business?

Company EV tax rules changed

High performance access to file storage

Leccy Tech Chancellor Alistair Darling’s pre-Budget report has revealed that electric vehicles will be exempt from company car tax fees for five years starting in 2010.

The news has gone down well with e-car manufacturers, a spokesman for Vauxhall - doubtless with an eye on all those plug-in Amperas it now hopes to flog to travelling salespeople – saying the company “really welcomes” the incentive.

Darling’s report also revealed the introduction of a 100 per cent first-year capital allowance for electric vans, meaning fleet operators can write down the purchase price of a leccy van for their first year of ownership.

“We have campaigned very hard for 100 per cent capital allowances, so are delighted with the announcement,” a spokesperson at e-van maker Smith EV told Register Hardware.

So much for the carrot, but there is also a money-raising stick. The CO2 emission threshold that allows some cars to benefit from a lower ten per cent car tax rate has also been reduced from 120g/km to 99g/km.

The re-jigged emissions regime is expected to raise around £120m ($195m/€132m) per annum for government coffers.

Toyota will be happy because its Prius makes it under the new limit. Honda’s Insight, however, does not.

Darling’s pre-Budget vehicle announcement has no impact on the Government's existing plans to offer incentives and rebates of up to £5000 ($8136/€5538) to private leccy car buyers from 2011. ®

High performance access to file storage

More from The Register

next story
Fancy joining Reg hack on quid-a-day challenge?
Recruiting now for charity starvation diet
Red-faced LOHAN team 'fesses up in blown SPEARS fuse fiasco
Standing in the corner, big pointy 'D' hats
KILLER SPONGES menacing California coastline
Surfers are safe, crustaceans less so
LOHAN's Punch and Judy show relaunches Thursday
Weather looking good for second pop at test flights
Discovery time for 200m WONDER MATERIALS shaved from 4 MILLENNIA... to 4 years
Alloy, Alloy: Boffins in speed-classification breakthrough
Elon Musk's LEAKY THRUSTER gas stalls Space Station supply run
Helium seeps from Falcon 9 first stage, delays new legs for NASA robonaut
Top Secret US payload launched into space successfully
Clandestine NRO spacecraft sets off on its unknown mission
New FEMTO-MOON sighted BIRTHING from Saturn's RING
Icy 'Peggy' looks to be leaving the outer rings
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.