Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she plans to take steps to support the used electric vehicle market.

The Government is fully committed to the transition to electric vehicles and a strong second-hand market for EVs plays an important role in this.

The Company Car Tax regime helps support the used electric vehicle markets, where electric company cars are sold after the end of their lease. The majority of cars are bought in the UK’s second hand markets. At Autumn Budget the Government announced new Company Car Tax rates for 2028-29 and 2029-30 which will maintain very generous incentives to support electric vehicle take-up, and therefore the entry of electric vehicles into the second-hand market.

More widely, the UK has a range of measures to support people to transition to zero emission vehicles. At Autumn Budget we announced £2.3bn of funding for the automotive sector up to 2030 to support the transition. We also announced support including investment in the plug-in grant for vans, favourable taxation rates, and funding for charging infrastructure across all of England. The UK’s charging network continues to grow at pace – there are now over 73,000 public chargepoints - a year on year increase of over 37%.