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…Electric, hybrid and low-emission cars, Motor finance, Motoring, Consumer affairs, Consumer spending, Money, Economics, Ethical and green living, Motoring, Business, Greenhouse gas emissionsRead More

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