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      Threats to financial system ‘on steroids’ after AI boom, FCA chief warns

      Nikhil Rathi, chief executive of the FCA.

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ev tax

  • Leapmotor B10 review: Electric SUV majors on value for money

    Leapmotor caused a stir last summer by being the first car company to launch its own EV grant. The announcement came within days of the UK Government announcing the official Electric Car Grant. Interest in the new Chinese brand duly surged an incredible 2,675 percent, and its C10 large electric SUV quickly sold out. Now, [...]

    Breaking news event with crowd gathered at city center, people holding banners, urban skyline in background, vibrant atmos...
  • Autumn Budget: Pay-per-mile tax ‘completely wrong move’

    Transport and infrastructure

    Chancellor Rachel Reeves has hit electric vehicles with a pay-per-mile tax which will cost the average driver £255 per year and raise £1.1bn for the Treasury. Reeves delivered the expected 3p pay-per-mile tax for electric vehicles (EVs) at today’s Budget, which she framed as a fairness measure to balance the costs facing drivers.  The OBR, the independent fiscal [...]

    tesla getty
  • Musk’s ‘affordable’ Tesla model still packs a punchy price

    Tech

    Tesla has unveiled cheaper versions of its Model 3 and Model Y electric vehicles, but with starting prices still hovering near $40,000 (£29,820) investors and analysts say the cars fall short of chief executive Elon Musk’s promise of a truly mass-market EV. The new Model 3 Standard starts at $36,990, while the Model Y Standard [...]

    Elon Musk, chief executive officer of Tesla Inc., closes his eyes for a moment of silence, during a campaign rally for former president Donald Trump. Photographer: Justin Merriman/Bloomberg via Getty Images

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