Plug-in Car Grant take-up doubles in Q3
Data released from the Go Ultra Low campaign shows that between July and September 2014, over 5,000 grants were provided, more than double the number than in the previous 3 months and almost a third of all grants since the scheme was launched in 2010. There are now over 17,000 grant-funded ULEVs on the UK’s roads.
The increased uptake of the grants follows this April’s announcement by Deputy Prime Minister Nick Clegg of a new £500m scheme to help drive ULEV take-up, of which at least £200m will be used to extend the current Plug-in Car Grants of up to £5,000 off the upfront costs, in order to encourage more people to use ULEVs.
Last week also saw the Government pledge £11m of the £500m funding to accelerate research and development of new carbon-cutting technologies through a competition being run by the Innovate UK – the Technology Strategy Board.
Transport Minister Baroness Kramer commented: ‘It is not surprising that people want these vehicles – they are a pleasure to drive and incredibly cheap to run, as well as beneficial to the environment. The Government is breaking down barriers that may have put people off in the past.
‘This growing confidence helps the UK strengthen its position as a global leader in developing green technology. Expanding this sector is also creating thousands of jobs and contributing to Britain’s thriving £11bn automotive industry, and encouraging more investment in the UK – a key part of this government’s long-term economic plan.’For more of the latest industry news, click here.