Electric car grants should be increased temporarily but phased out within three years to encourage millions more drivers to switch away from petrol and diesel, a Conservative think tank recommends. Bright Blue says that setting an end date for grants would prompt a rush to buy electric cars and result in “saturation of the market”, bringing down the price of second-hand vehicles and therefore making it possible for people on lower incomes to own them. The think tank has close links to senior Conservatives, including Michael Gove, the Cabinet Office minister, and Matt Hancock, the health secretary, who both sit on its advisory council. It is calling for the plug-in car grant to be increased from April from £3,000 to £5,000 and then gradually reduced at regular intervals before ending completely by October 2023.
Times 4th Feb 2021 read more »