The Department for Transport published its long-awaited Road to Zero Strategy in July, confirming the commitment to end the sale of new conventional petrol and diesel cars and vans by 2040. The strategy does not propose to ban hybrid or other technologies.
The Government is encouraging bids for the management of its £400m Charging Infrastructure Investment Fund, marking a significant milestone in the future roll out of electric vehicles across the UK.
Since it began regulating consumer credit, the FCA has increasingly focused on responsible lending, highlighting the importance of assessing a customer’s ability to repay affordably and minimising the risk of financial distress.
The FCA published its Business Plan 2018/19 in April, outlining that one of its key areas of focus was culture and governance.
The FLA first developed SAF in partnership with a wide range of stakeholders from the lender and retailer network in 2007. Today the SAF test is now taken by over 34,000 staff across the industry each year and continues to improve confidence in motor finance and increase professionalism.
The FCA has been clear that ensuring financial incentives lead to good customer outcomes is a key regulatory priority.
The introduction of WLTP in September 2018 is designed to offer consumers more accurate information about the level of air pollutants, CO2 emissions and energy consumption in light duty vehicles, delivered via testing, which more closely replicates real-world driving.
A recent Advertising Standards Agency (ASA) ruling indicated that vehicle promotions must clearly show if a vehicle was formerly part of a business fleet.
The FCA issued an update on its exploratory work of the motor finance market in March, and outlined areas of future focus.
The Department for Transport’s motor agencies, the DVLA and DVSA, have published their business plans for the year ahead, outlining key areas of focus.