COMMENTING on the Chancellor’s 5p cut in fuel duty in today’s Spring Statement, Ashley Barnett, Head of Fleet Consultancy at Lex Autolease (pictured left), said:
An electric future simply can’t happen overnight. While rising fuel prices might trigger a switch to an electric vehicle, the affordability of EVs still remains a key barrier towards mass adoption, with an ICE vehicle the only option for many drivers. Therefore, as fuel prices continue to soar at an alarming rate, it’s welcoming to see the government take steps to reduce taxes on fuel and alleviate the pressures that businesses and motorists are continuing to face at the petrol pump.
He added that while the electrification journey is the ultimate goal for transport, it was important to have a holistic approach across all fuel types.
The RAC added that cut in fuel duty would take £3.30 off the cost of filling a 55-litre tank with fuel. The cut will last for 12 months.
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