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Irrespective of your which side of the divide you are on; Brexit hasn’t been an easy ride for fleet owners. Before we’ve even left we’ve seen turmoil in the car industry, fluctuations in financial markets cause fleet insurance quotes to rise and fall and speculation on everything from the future of emissions to vehicle excise duty rates.
With the prospects of a no-deal exit on the rise as the 31st October draws closer – something given real impetus by Boris Johnson’s strong showing in the preliminary rounds of the Tory leadership election – what could a no deal Brexit mean for vehicle fleets?
In this latest blog from Getaquoteinsurance, the fleet insurance specialists – we look at the numbers and the evidence behind the partisan shouts to see what life could be like in a post Brexit world.
Traditionally the Spring Statement is not something that fleet owners and company cars drivers look forward to. Within the Chancellor’s red case are often unwelcome and costly changes such as in increase in fuel duty, a change to the Ogden Rate, a rise in insurance premium tax (IPT) which will lead to high fleet insurance quotes, or a hike in vehicle excise duty (VED). Happily, this year there may be less to worry about. Brexit is taking up pretty much all of the government’s time and with a £15bn tax surplus he could, in theory at least, look to give drivers some much-needed relief.
Are Electric Vehicles The Only Way Forward For Fleets?
The calls for fleet owners to switch to cleaner vehicles has become almost constant in the past 12 months. With pressure mounting on both local and central government to clean up their air act and car buyers continuing to desert diesels in droves, drivers are increasingly looking for cleaner, greener fleets. Up to now most attention has been focused on electric fleets, but are there alternatives to this accepted fuel solution?
2018 will probably be remembered as the year that the electric vehicles came under serious consideration by fleet owners. Electric cars have rarely been far from the news in the past year and are increasingly being taken as a viable alternative to diesels. Advances in technology, the introduction of clean air zones, improvements in vehicle ranges and spiralling fuel prices have all lead to a surge in electric vehicle sales.
It’s already been branded as the most important car in history, and from a fleet vehicle perspective the Tesla 3 could be just that. Electric cars could offer a host of advantages for fleet managers – from cheaper fleet insurance to improved reliability and lower costs per mile. Historically, however, these advantages have been outweighed by the practicalities of range, limited availability of models and the cost of electric vehicles. If Tesla are true to their word that could all be set to change. In this latest blog from Getaquoteinsurance we’ll get under the bonnet of the Tesla promise, look at what the 3 and other electric cars could offer fleet owners in terms of benefits and consider an electric vehicle future.