UK Slashes Plug-in Car Grant to Boost Affordable EV Adoption
The UK government has announced changes to the Plug-in Car Grant (PiCG) scheme. The grant, which supports the purchase of low-emission vehicles, now has a reduced price cap and a lower subsidy amount. The changes aim to make the scheme more targeted towards affordable electric cars.
Previously, the PiCG was available for cars with a list price up to £50,000. However, the price cap has been reduced to £35,000. This means that only electric cars priced below this threshold will now be eligible for the grant.
The subsidy amount has also been cut. The PiCG is now £500 less, with buyers receiving £2,500 instead of the previous £3,000. This reduction is part of the government's effort to make the scheme more focused on affordable zero-emission vehicles.
Transport Minister Rachel Maclean explained the changes, stating that the funding will be more targeted towards more affordable electric cars. She believes this will help make electric vehicles more accessible to a wider range of consumers.
In summary, the PiCG scheme has been adjusted to better support the purchase of more affordable electric cars. The price cap has been reduced to £35,000, and the grant amount has been cut to £2,500. These changes aim to make the scheme more targeted and effective in promoting the adoption of zero-emission vehicles.
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