The UK government has revived an electric vehicle (EV) grant, offering discounts of up to 10% on new EVs priced under £37,000. The initiative, which includes a £650 million package, aims to enhance accessibility and encourages the adoption of greener transport. Buyers of eligible EVs can receive up to £3,750 off, with a second tier of discounts reaching £1,500. This scheme excludes premium vehicles, creating incentives for affordable models, particularly from Chinese brands like BYD and MG. The initiative ties discount levels to the sustainability of vehicle production, benefiting manufacturers with greener practices.
We are making it easier and cheaper to own an electric car. This grant will not only allow people to keep more of their hard-earned money-it'll help our automotive sector seize one of the biggest opportunities in the 21st century.
This brings us closer to a point where driving electric is accessible to everyone, not just the privileged few.
Within weeks, discounted cars should start appearing at dealerships across the country, providing a significant boost to the EV market.
The updated scheme ties discount levels to the sustainability of each vehicle's production and supply chain, giving a further boost to manufacturers with stronger green credentials.
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