Article 6Z7ER Charging ahead: will the UK’s new electric vehicle grant work for you?

Charging ahead: will the UK’s new electric vehicle grant work for you?

by
Zoe Wood
from Economics | The Guardian on (#6Z7ER)

Industry experts hope the new subsidy will boost Britain's EV market - but not all models will be eligible

Is it time to go electric? The UK car industry certainly thinks so and is readying for a surge in demand as a new subsidy scheme cuts the price of some electric cars by up to 3,750.

With purchase prices - not to mention range anxiety - contributing to weak consumer uptake, the government grants are designed to bring the upfront cost closer to a petrol car. Making them cheaper will also give thousands more drivers access to savings of up to 1,500 a year in fuel and running costs compared to a petrol car", officials say.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title Economics | The Guardian
Feed Link https://www.theguardian.com/business/economics
Feed Copyright Guardian News & Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments