Feeds

Budget to make e-cars better for business?

Company EV tax rules changed

Boost IT visibility and business value

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. ®

Boost IT visibility and business value

More from The Register

next story
Just TWO climate committee MPs contradict IPCC: The two with SCIENCE degrees
'Greenhouse effect is real, but as for the rest of it ...'
BEST BATTERY EVER: All lithium, all the time, plus a dash of carbon nano-stuff
We have found the Holy Grail (of batteries) - boffins
Asteroid's DINO KILLING SPREE just bad luck – boffins
Sauricide WASN'T inevitable, reckon scientists
Flamewars in SPAAACE: cooler fires hint at energy efficiency
Experiment aboard ISS shows we should all chill out for cleaner engines
The Sun took a day off last week and made NO sunspots
Someone needs to get that lazy star cooking again before things get cold around here
Boffins discuss AI space program at hush-hush IARPA confab
IBM, MIT, plenty of others invited to fill Uncle Sam's spy toolchest, but where's Google?
Famous 'Dish' radio telescope to be emptied in budget crisis: CSIRO
Radio astronomy suffering to protect Square Kilometre Array
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.