Government to Offer Electric Car Subsidies
Business secretary Peter Mandelson and transport secretary Geoff Hoon have given details of the government’s vision to promote ultra low carbon transport – in other words electric cars – over the next five years. This involves a headline subsidy for consumers worth £2000 – £5000 towards buying their first electric and plug-in hybrid cars when they hit the showrooms.
The consumer incentives will be introduced in 2011 to coincide with when the government expects electric and plug in hybrid cars to enter the mass market. To be eligible cars would need to meet modern safety standards and have a range and top speed sufficient to give mass market appeal.