The UK government has revealed that it is going to continue offering £5,000 grants to encourage people to buy electric vehicles.
The government announced on Wednesday (26 August) that it would extend the plug-in grant scheme until at least February. The incentive was originally due to be scrapped after 50,000 electric cars has been sold, a milestone that is expected to be reached in November, AM Online reported.
It is a move that will likely prompt more people to buy environmentally friendly plug-in cars, which in turn might see car dealers begin to consider whether or not they wish to stock this type of vehicle. It is important, however, that any motor trade business that wants to start catering to the electric car market makes sure its road risks insurance policy covers staff to drive them.
Under the government's initiative, all plug-in cars with CO2 emissions of 75g/km or less will remain eligible for a grant. Grants are available for 35 per cent of the cost of a car, up to a maximum of £5,000.
Transport Minister Andrew Jones commented: “The government is maintaining the current levels of grant, even as we move past the milestone of 50,000 vehicles.
“The UK is now the fastest growing market for electric vehicles in Europe. We will continue to invest to help make this technology affordable to everyone and to secure the UK’s position as a global leader.”