The UK government has cut grants for electric car buyers, to the horror of the automotive industry as it tries to rapidly shift away from fossil fuels. The maximum grant for electric cars has been reduced to £2,500 with immediate effect on Thursday, from £3,000. The government has also lowered the price cap for cars eligible for the subsidy from £50,000 to £35,000. The cut is likely to be controversial, only a fortnight after the chancellor, Rishi Sunak, extended a generous implicit subsidy for petrol and diesel car drivers by freezing fuel duty. Electric cars cost more than those with internal combustion engines, but are seen as a crucial part of meeting the UK’s decarbonisation targets.
Guardian 18th March 2021 read more »
The government has today announced it is to cut payments through the Plug-in Car Grant scheme from £3,000 to £2,500, arguing the move will allow the popular scheme to support more motorists in making the switch to electric vehicles (EVs). The cuts will be accompanied by new rules that ensure the scheme is focused on the most affordable EV models. From today, the government will provide grants of up to £2,500 for electric cars priced under £35,000, meaning the more expensive models on the market are no longer eligible for government support.
Business Green 18th March 2021 read more »
The UK government is facing criticism over cuts to grants for electric car buyers which were introduced with immediate effect on Thursday. The maximum grant for electric cars has been reduced from £3,000 to £2,500, while the price cap for cars which are eligible for the subsidy has also been reduced from £50,000 to £35,000.
Independent 18th March 2021 read more »