The UK just eliminated its EV rebate incentive
The UK government has ended its plug-in car grant program effective immediately, it. The scheme first launched in 2011 with grants up to £5,000 or 25 percent of the cost of the car, but were gradually reduced to £1,500 where they sat until today. The grant ends on future sales, but will still be honored for any buyers that already applied for it.
The program had achieved its goal of kickstarting the UK's electric revolution, the Department for Transport said in a press release. It noted that sales of EVs increased from less than 1,000 in 2011 to nearly 100,000 in the first five months of this year alone. It added that EVs now offer"significant savings" over ICE vehicles due to the high cost of gasoline and diesel, and that owners can still get tax and other incentives.
"The government has always been clear the plug-in car grant was temporary and previously confirmed funding until 2022-23," the government said."Successive reductions in the size of the grant, and the number of models it covers, have had little effect on rapidly accelerating sales or on the continuously growing range of models being manufactured."
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