£40 million electric car investment announced

January 26, 2016 | By | In Advice

Drivers of electric cars are set to see benefits to ownership with a £40 million investment scheme designed promote the technology.

In a bid to make more people move to lower-emissions cars, the scheme will see the largest impact on the eight areas that have won the largest shares of the money – London, Bristol, Nottingham and Milton Keynes.

Each city that wanted to benefit from the investment had to put forward a proposal, with ideas such as street lights that double as charging points and 25,000 free parking spaces for electric car users coming to the fore.

These benefits could save electric car owners up to £1,300 a year.

Transport secretary Patrick McLoughlin described the winners of the largest grants as having produced “exciting, innovative ideas that will encourage drivers to choose an electric car.

“The UK is a world leader in the uptake of low emission vehicles and our long-term economic plan is investing £600m by 2020 to improve air quality, create jobs and achieve our goal of every new car and van in the UK being ultra-low emission by 2040.”

This latest news comes in the wake of a remarkable increase in the amount of electric cars being sold – 72,775 during 2015. This shows a 40 per cent increase over the previous year.

However, not everyone was happy with the news. Jonathan Isaby from the Taxpayer’s Alliance said: “The Government at the moment is spending way beyond its means. It hasn’t balanced the nation’s books.

“The money is simply not there to fund extravagant schemes which are frankly vanity projects aimed at a very few number of people who have chosen to buy very expensive vehicles.”

Social media & sharing icons powered by UltimatelySocial

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close