It has recently been announced that the now Chinese-owned car manufacturer, MG will begin production of the new electric MG Marvel R Electric SUV. This new SUV has been described in one news release as a “high-tech, luxurious ‘lifestyle’ SUV for the C-segment” The launch is planned to take place in May 2021.
The headline can either be interpreted as good news or bad news, depending on where you are placed in the UK car industry. It’s obviously bad news for the car manufacturers and could be great news for the consumers because the harder it is to sell brand new cars, the more likely you’ll be able to take advantage of a drop in prices and better deals overall.
The world-renowned car manufacturer, Ford will be draughting plans to go fully electric by 2030. This announcement will be a massive encouragement for more car manufacturers to follow suit. And even sooner, by 2026, all its cars will be available as electric or hybrid. This move will mean that Ford will be joining the likes of Jaguar and Bentley, who are also cutting petrol and diesel production.
The world’s famous luxury carmaker, Aston Martin has announced plans that it will begin the manufacturing of its all-electric cars solely in the UK from 2025. This statement was first published in the Financial Times, that owner Lawrence Stroll was going to commit and confirm that all of their battery sports cars will be made in Gaydon in Warwickshire. St Athan, Glamorgan in Wales will manufacture all of their SUV electric models.
With the ongoing pandemic crisis affecting the UK economy and GDP, the government is having to introduce road tax changes in Britain in order to help the treasury with the ever-rising national debt which is impacting the Bank of England. The good news is that fuel duty has been frozen for the tenth consecutive year in a row, which delighted many British drivers. Unfortunately, Rishi Sunak also announced a rise in road tax, so from April 2021, owning a car will now become more expensive.
