Fuel duty hike
Rishi Sunak has faced fresh criticism for a rumoured fuel duty rise of 5p per litre. The measures are likely to be officially announced in next months budget.
It has also been revealed that the cost of filling up has rocketed £4 in just 2 months. According the the latest figures from the AA, it currently costs an average of £67 to fill a petrol car and £68 for a diesel.
In further bad news, the RAC suggest fuel prices could surge by more than 20p per litre to a record high next year if global oil prices continue to rise. This comes after we have already experienced 14 weeks of consecutive rises at the pumps. Analysts have predicted that if the trend continues, we are likely to next year hit 143p per litre and 148p per litre for diesel. This would not only be the highest since 2012, but an all time record.
Motoring groups and campaigners have warned that this could put ‘unprecedented pressure’ on already struggling families. It comes at a time when families will inevitably be using their cars more as lockdown restrictions gradually reduce over the coming months.
Meanwhile, MPs warned a rise in the levy could ‘devastate’ the haulage industry. The fuel increases could effectively add up to £2,250 to lorry drivers’ annual fuel bill.
Electric Car Charging – is it really cheaper?
Electric cars are once again all over the motoring news as major manufacturers announce end dates for the sales of petrol powered cars. However, a new investigation by WhatCar? Magazine has found that charging an electric car could cost almost as much as filling a petrol tank.
According to the new research, charging an electric car battery from 10% to 80% cost over £40 at some electric charge points. This is 6 times what it would cost to charge the same car at home using a standard charge point. It works at at roughly the same cost as as filling the average family car tank which is estimated to be £46.
Perhaps unsurprisingly, the most expensive road-side electric charge points are located in London. Prices varied greatly depending on location and in some areas charge points cost as little as £10.
Car Tax Changes Ahead?
Proposed car tax changes could see more drivers switch to electric vehicles earlier than initially planned. This would be in a bid to avoid new charges after the Chancellor confirmed he is considering the introduction of a pay-per-mile system. This could replace traditional fuel duty and Vehicle Excise Duty (VED) charges. In turn, drivers would be charged for each mile they travel instead of a flat fee based on vehicle emissions.
Electric cars are except from road tax under the current scheme. This is therefore a major selling point for many motorists, potentially saving hundreds of pounds a year. However, it is not yet known if electric cars would be included in the future road pricing scheme.
Motoring experts have warned electric car drivers will have to start paying tax eventually. Whilst this seems unlikely to happen any time soon, the moment the majority of the country have switched to electric vehicles, the tax seems inevitable.
The Department for Transport (DfT) said it was committed to achieving net-zero carbide mission by 2050 and in the transition to electric vehicles.
Are you ready to get back on the roads?