UK to Give 5,000 Pounds to EV Buyers

Following several months of uncertainty, the new British government has approved a piece of legislation which will give future buyers of electric vehicles 5,000 pounds off the price of the vehicle.

The decision comes after the grant, which would total 43 million pounds, escaped the ax of the public spending cuts adopted by the Conservatives and Liberal Democrats under the Comprehensive Spending Review.

"The coalition Government is absolutely committed to low carbon growth, tackling climate change and making our energy supply more secure,"
Transport Secretary Philip Hammond was quoted as saying by

"We are sending a clear signal that Britain is open for business and that we are committed to greening our economy. This will ensure that the UK is a world leader in low emission vehicles.”

"We will review the level of the incentive regularly to ensure that the UK remains competitive and taxpayers get value for money. The first review will be in January 2012, at which point we will set the level for subsequent years."

The biggest beneficiary of the bill and the one to which most of the money will go to is, of course, Nissan. Although the grant covers all low-carbon vehicles, the Leaf EV is expected to be the hottest seller under the program.

The Leaf will hence wear a price tag of 23,990 pounds, a value kept somewhat high because of the increase in the VAT value from 17.5 percent to 20 percent on January 1, 2011.

The conditions a vehicle will have to meet under the program will be announced shortly.
If you liked the article, please follow us:  Google News icon Google News Youtube Instagram
About the author: Daniel Patrascu
Daniel Patrascu profile photo

Daniel loves writing (or so he claims), and he uses this skill to offer readers a "behind the scenes" look at the automotive industry. He also enjoys talking about space exploration and robots, because in his view the only way forward for humanity is away from this planet, in metal bodies.
Full profile


Would you like AUTOEVOLUTION to send you notifications?

You will only receive our top stories