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ELECTRIC VEHICLE SALES TO COLLAPSE UNDER PAY-PER-MILE TAX

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✍️ The UK Government's pay-per-mile tax is expected to reduce electric vehicle sales by 440,000, according to official forecasts, despite efforts to boost sales with tax breaks and subsidies.

👉 The pay-per-mile tax is expected to reduce electric vehicle sales by 440,000 👉 The tax will charge 3p per mile for electric vehicles and 1.5p per mile for plug-in hybrids 👉 The average electric vehicle motorist will pay £255 per year 👉 The OBR estimates that the number of electric cars on the road will not overtake petrol cars for a decade

-- #IanPlummer #RachelReeves #world

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Ian Plummer Rachel Reeves world mainstream:perspective

11/27/2025

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JAGUAR LAND ROVER CYBER ATTACK CAUSED UK CAR PRODUCTION TO SLUMP BY A QUARTER

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✍️ The five-week shutdown of Jaguar Land Rover's factories due to a cyber-attack led to a 27% decline in UK car production in September, making it the lowest number of cars made in any September since 1952.

👉 Jaguar Land Rover's five-week shutdown due to a cyber-attack led to a 27% decline in UK car production in September 👉 The attack is estimated to cost £1.9bn and be the most economically damaging cyber event in UK history 👉 Overall UK car production fell by 27% in September, with just over 51,000 vehicles made 👉 The SMMT reported that exports of UK-made vehicles also slumped by 24.5% in September

-- #MikeHawes #IanPlummer #RachelReeves #UK #Solihull #Wolverhampton #Halewood #EU #US #Turkey #Japan #SouthKorea #business

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Mike Hawes Ian Plummer Rachel Reeves UK Solihull Wolverhampton Halewood EU

10/23/2025

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CHINESE NEW ENTRANTS NOW ACCOUNT FOR OVER 11% UK MARKET: AUTOTRADER

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✍️ Chinese automakers have seen a surge in the UK market, with JAECOO leading the pack with a 6.2% share of new car leads to retailers.

👉 Chinese automakers have seen a surge in the UK market 👉 JAECOO leads the pack with a 6.2% share of new car leads to retailers 👉 The presence of Chinese new entrants in the UK has grown rapidly since the start of the year 👉 Top new entrants: Omoda, BYD, Leapmotor, and GWM

-- #IanPlummer #UK #business

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Ian Plummer UK business mainstream:perspective

9/16/2025

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BYD LAUNCHES ATTEMPT TO CRUSH TESLA IN CHINA

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✍️ BYD, a Chinese electric vehicle (EV) maker, has slashed the prices of its EVs in China to compete with Tesla, with its entry-level car now priced 75% lower than Tesla's cheapest model.

👉 BYD has cut the prices of 22 of its models in China by up to 20% 👉 Chinese EV maker is now selling its entry-level car for 75% less than the cheapest Tesla 👉 BYD's Seagull hatchback is priced at 55,800 yuan, around a quarter of the cost of Tesla's Model 3 👉 Chinese manufacturers are investing heavily in producing affordable vehicles 👉 Intense competition in the EV market is driving prices down

-- #WarrenBuffett #RicoLuman #ElonMusk #IanPlummer #DonaldTrump #China #HongKong #Europe #US #UK #technology

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Warren Buffett Rico Luman Elon Musk Ian Plummer Donald Trump China Hong Kong Europe

5/26/2025

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PETROL CARS ON UK ROADS PEAKED THIS YEAR IN ‘GENUINE LANDMARK’, REPORT FINDS

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✍️ The number of petrol cars on British roads has peaked and is expected to decline by 40% over the next decade, as electric vehicles become more affordable and popular.

👉 The number of petrol cars on British roads has peaked and is expected to decline by 40% over the next decade. 👉 Electric vehicles are expected to become more affordable and popular, driving the decline in petrol car sales. 👉 The Government's Zero Emissions Vehicle mandate sets a target of 28% of new car sales to be battery-electric vehicles by 2025. 👉 The number of used EVs on the market is increasing, with one in three priced under £20,000.

-- #IanPlummer #Luton #environment

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Ian Plummer Luton environment mainstream:perspective

12/5/2024

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BRITAIN FORECAST TO REACH PEAK GASOLINE THIS YEAR IN LANDMARK MOMENT FOR ELECTRIC VEHICLES

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✍️ Britain is expected to reach "peak petrol" in 2024, with electric vehicles (EVs) set to take a larger share of the country's car market.

👉 Britain is expected to hit 'peak petrol' in 2024 👉 The number of gasoline-powered cars on Britain's roads is expected to decline by almost half over the next decade 👉 The number of EVs on Britain's roads is expected to soar to 13.7 million 👉 The EV share of the new car market is projected to rise from 18% to 23% in 2025 👉 The UK government's Zero Emissions Vehicle (ZEV) mandate targets 28% of new car sales to be zero emission vehicles

-- #IanPlummer #London #England #Luton #southernEngland #world

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Ian Plummer London England Luton southern England world mainstream:perspective

12/5/2024

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AUTO TRADER FORECASTS ‘SEISMIC SHIFT’ TO ELECTRIC VEHICLES IN BRITAIN

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✍️ The number of petrol cars on British roads has peaked and is expected to decline by 40% over the next decade, as the UK transitions to electric vehicles.

👉 Petrol cars on British roads peaked this year and are expected to decline by 40% over the next decade. 👉 The number of electric vehicles on the road is expected to increase from 1.25m in 2024 to 13.7m. 👉 The UK government's Zero Emissions Vehicle mandate aims to increase the share of battery-electric vehicles in new car sales to 80% by 2030 and 100% by 2035. 👉 Concerns have been raised over the lack of charging infrastructure and the high costs of EVs.