Question to the Department for Transport:
To ask the Secretary of State for Transport, what steps he is taking to improve the affordability of electric vehicles for low-income households.
The Government offers Plug-in Vehicle Grants for eligible vans, trucks, taxis, motorcycles, and wheelchair accessible vehicles. These grants help to lower upfront vehicle costs and make zero emission vehicles (ZEVs) more accessible to consumers. ZEVs also benefit from favourable tax rates, such as generous company car tax incentives and a 0% Van Benefit Charge. ZEVs also receive preferential first year rates of Vehicle Excise Duty at £10 until FY 2029-30, in comparison to the most polluting vehicles.
Most drivers in the UK buy used vehicles, with 80% of all cars bought and sold in 2024 having been through the used vehicle market. Industry intelligence suggests that some EVs on the used market are now similar in price to their petrol and diesel equivalents. The Government will continue to monitor the health of the market and keeps all policies under review.