As many of you will be aware, all passenger carrying vehicles on sale from this September will be tested to ensure that fuel consumption figures and CO2 emissions will be more like those in real world driving conditions.
The new industry regulations could mean an increase to the CO2 figures for vehicles compared to the figures that are presently available under the NEDC test. If the official CO2 figures are higher, the rate of the annual Road Tax (Vehicle Excise Duty) may increase as a result. Of course, this will probably mean that company car drivers Benefit in Kind Tax (BIK) will increase.
The Worldwide Harmonised Light Vehicle Test Procedure (WLTP)
All passenger cars from September 2018 must achieve type approval under the new WLTP legislation; they will receive new technical data - including CO2 emissions - based on the new test.
The new WLTP figures can be converted back to demonstrate "NEDC-equivalent" values utilising a tool established by the European Commission. The NEDC-equivalent figures will be the official fuel consumption and CO2 emissions figures and will be shown in official documents. However, these figures may not be the same as the present NEDC figures.
Fuel consumption figures given under NEDC-equivalent (or NEDC or WLTP) are gotten under particular test conditions. Whilst the WLTP intends to provide a more realistic representation of 'real-world' fuel consumption, there are lots of factors that will affect what is actually achieved, such as vehicle accessories, additional weight and driving styles.
If you would like to find out more, you can visit the official website [http://wltpfacts.eu/].
In the meantime, we will be publishing a second informational news piece soon to help your business manage the transition.
All Vehicle Contracts Ltd Published: May 8 2018