Electric Vehicles: Prices

(asked on 4th November 2020) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, what steps his Department is taking to increase the affordability of electric cars.


Answered by
Rachel Maclean Portrait
Rachel Maclean
This question was answered on 11th November 2020

The Government is investing £2.5bn?, with grants available to reduce the upfront cost of plug in vehicles, as well?as funding?to support chargepoint infrastructure. The March Budget included £532m extra funding to keep plug in vehicle grants until 2022/3, and an additional £500m to support the roll out of charging infrastructure over the next five years. Additionally, all fully electric cars are exempt from Vehicle Excise Duty, and will pay no Company Car Tax in 2020/21, just 1% in 2021/22 and 2% in 2022/23 through 2024/25. The Government is continuing to provide grants to encourage people to charge at home overnight with a grant of up to £350?towards the installation of domestic chargers. Research by Go Ultra Low indicates that charging at home can cost from as little as 1p per mile driven, compared to 8-12p per mile in a petrol or diesel car. As part of our consultation on bringing forward the end to the sale of new petrol and diesel cars and vans, we are considering what further measures are required to support the uptake of zero emission vehicles.

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