British Rental, Leasing Assoc. Announces Covid-19 Recovery Plan

The British Vehicle Rental and Leasing Association (BVRA) announced this week steps the vehicle rental, leasing, and fleet sectors can take to work with U.K. policymakers to “deliver a swift rebound in the economy and a faster trajectory towards transport decarbonization.”

The BVRLA’s Covid-19 Recovery Plan urges policymakers to work with BVRLA members in supporting the automotive sector and delivering net-zero transport. The plan also shows how the industry can drive positive transport behavior change and help tackle the scourge of air pollution.

“BVRLA members have a unique perspective on the issues facing road transport in the UK and have the purchasing power to tackle them,” said BVRLA Chief Executive, Gerry Keaney.

“They have a long track record of working constructively with policymakers to drive down emissions, improve safety and make road transport more cost efficient and accessible.”

In its recovery plan, the BVRLA gives the government a set of five clear priorities that can deliver more sustainable transport for a stronger economy:

• Maintain the financial liquidity that underpins the motor finance market.
• Provide a tax and incentive regime that will stimulate vehicle demand.
• Focus on the key levers for accelerating road transport decarbonization.
• Take a more active role in supporting and managing the rollout of clean air zones.
• Support the role of flexible car models in enabling more sustainable transport choices.

The BVRLA has also sent a letter to Rishi Sunak, chancellor of the exchequer, providing a more detailed proposal on the tax and stimulus measures that should be deployed to ensure a net zero recovery and healthy automotive sector.

The proposals include a reduction in tax liabilities on fleet purchases, including electric vehicles, and delaying restrictions on higher carbon emitting vehicles.