Industry Trend Analysis - Budget Impact On Autos: Initial Thoughts - FEB 2018

BMI View: The UK's Autumn Budget will be positive in sustaining the growing adoption of EVs and facilitating R&D. However, it falls short of the mark in terms of fully moving toward s its long-term clean vehicle targets and putting the industry at the forefront of new technology.

UK Chancellor Philip Hammond's Autumn Budget contained several measures relating to the automotive industry, both for consumers and industry players. Here we give some initial thoughts on what these measures will mean for the development of the industry and for consumers.

Fuel Duty And Diesel Tax

UK Drivers Seek Alternatives
UK - Sales Of Alternative Fuel Vehicles By Type
Source: SMMT

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