Motoring Podcast - News Show

FOLLOW UP: UK GOV ANNOUNCES ELECTRIC CAR GRANTFollowing months and months of calling on the UK Government to help private registrations with financial aid, the motor industry has got what it wants. Sort of. The Electric Car Grant has been announced that will be up to £3,750 off the price of a new car that is listed at under £37,000 plus other criteria, including how clean the grid is where the car was built. That last point effectively cuts out Chinese EVs due to their CO2 intensive energy supplies. The grant is active now, with OEMs and dealerships claiming the money back following registration. Added to which, it applies to all buyers and not just private, as was called for. Many within the industry have expressed their disappointment in the scheme, especially how it has ignored the second hand market plus the knock on effect this will have to depreciation. If you wish to learn more, click this Autocar article link here. To read about the expected impact on Asian built cars, click this EVfleetworld article