The UK Autumn Budget delivered on October 30, announced that “the government will maintain the difference between alternative and main road fuel duty rates until 2032 to support the decarbonization of the UK transport sector, subject to review in 2024.” The Natural Gas Vehicle Network (NGVN) has welcomed the announcement.
“HGVs in the UK represent just 2% of vehicles on the road but contribute 17% of transport carbon emissions. This needs to change. Keeping natural gas prices lower than diesel is exactly the sort of encouragement fleet managers need to make that essential switch, from dirty diesel to cleaner natural gas,” said Mike Foster, Chief Executive, NGVN.
“With carbon savings of 20% for natural gas and over 80% for biomethane, compared to diesel, the road ahead is clear for the government to achieve its own target of substantial carbon savings by 2025,” he added. “NGVN have consistently delivered this message to the Department of Transport, supported more recently by a report from leading economists Frontier Economics, on behalf of NGVN, to help make the case in clear, hard-headed numbers.”
According to Foster, the Treasury has made an informed and sensible choice, one which will pay dividends to the UK’s carbon emissions reduction targets.