FOLLOW UP: MOTOR FINANCE PAYOUTS DELAYED UNTIL 2027
As suspected, following appeals against the Financial Conduct Authority’s (FCA) ruling and redress scheme, the FCA has announced that payouts will be delayed until 2027, if it goes ahead at all. The appeals have argued for the scheme to be quashed due to the claim that the rules governing it are illegal. For more in this, click the link here for a MotorTrader article.
FOLLOW UP: INDUSTRY CALLS ON THE EU AND UK TO REACH NEW BREXIT DEAL
Industry bodies for both the UK and European car manufacturers have called on both governments to reach a new ‘Rules of Origin’ deal that will allow for tariff free importing and exporting of cars and parts made in either area. This runs out at the end of this year. If you want to find out more, click this electrive article link here.
REPORTS THAT GOVERNMENT TO REDUCE MANDATE LEVELS
Over the weekend news broke on the rumour that the Government is set to reduce the required zero emission vehicle mandate level to 50% for 2030, instead of the 80% it is currently at. This is just a couple of weeks after the latest Carbon Budget claimed it would be at 95% and recently that they would not begin a review into levels until next year. To learn more, click this Autocar article link here.
GOVERNMENT BEGINS REVIEW OF PUBLIC CHARGING COSTS
After promising to do so, in the 2025 Budget, the Government has finally commenced the review into public EV charging costs. All are aware of the disparity between home and public charging prices and with more buying EVs who have no access to home charging the penalties can make the financial case for sticking with ICE. The review is looking at why the costs are what they are, how they might move between now and 2030 and what can be done to reduce them. The report into all this is expected in the autumn of this year. Click this EV Powered article link here to read more.
AION LATEST CHINESE BRAND TO OPEN SHOWROOMS IN THE UK
Aion has opened a number of UK showrooms, in a first for the Chinese GAC Group. This brand is positioned as ‘upper-mainstream’ by GAC and will be selling the Aion V, an electric SUV, initially. This will be followed by the Aion UT hatchback, later in the year. To see where they are now based, click this EV Powered article link here.
NEW DATA PRIVACY SERVICE LAUNCHED
Engenius has launched their Engineius DataClear service, with the help of Privacy4Cars. This will delete in-car personal data from the vehicle, with a report to providing a paper trail to confirm it has taken place. Not only does this help customers but also complies with GDPR requirements. For more on this, click this MotorTrader article link here.
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NEW NEW CAR NEWS -
Audi Q7
Audi has revealed the third generation of their large SUV, the Q7. This will come with either five, six or seven seats and has a fresh new look both outside and in. There will be only one engine available, a new 3.0 litre V6 diesel, but in two flavours. Full details on the performance and power capabilities is yet to be confirmed. The interior is brought in line with other recently released models. Prices and full specifications are expected in the next month. Click this Autocar article link for more.
Boreham Ford Escort RS
Boreham Motorworks has revealed what they are calling a ‘continumod’ in the form of a Ford Escort RS. Costing from £345,000 (in the UK) this is a completely new car that takes inspiration from the Mk1 Escort. Their Ten-K engine is a 2.2 litre petrol, which produces 326bhp and 155lb ft of the torques. There will also be the option to have a re-engineered Twin Cam that the original used in period. Only 150 will be built. Click this Autocar article link for more.
BYD Dolphin G DM-i
BYD has revealed the first plug-in hybrid supermini, with their Dophin G DM-i. With a maximum range of 649 miles and an electric only range of an impressive 65 miles, this car puts to shame many which cost more and are bigger. It will come with a 1.5 litre petrol engine and a 120kW electric motor. Prices are yet to be revealed and deliveries expected to start in the autumn. Click this EV Powered article link for more.
LUNCHTIME READ: BUSSO V6
We are recommending a Hagerty article for your reading pleasure this week. Nathan Chadwick writes all about the fabulous Alfa Romeo Busso V6. You’ll find out about the history of this evocative engine. Click this link to read all about it.
LIST OF THE WEEK: 2001 STARS NOW ELIGIBLE FOR THE FOTU
Antony Ingram highlights just some of the 2001 cars that are now eligible to be entered into the Festival of the Unexceptional. Do you agree with Alan’s choice? Click the link here to check out your options.
AND FINALLY: SWEDISH HITMAN KILLED IN LIMERICK ROAD INCIDENT
A Swedish contract killer was killed in a road collision after his driver accomplice was attempting to turn the car around after going the wrong way. This sounds like the plot from a low budget thriller, but is what happened last week. Click this Irish Times article link to read more.
