WATCH: Bev Turner rages at Rachel Reeves amid plans to introduce pay-per-mile car taxes
| GB NEWS
Chancellor Rachel Reeves is expected to launch a huge £1.5billion spending spree for electric vehicles, despite uncertainty over plans to introduce pay-per-mile car taxes.
Reports suggest that the Chancellor will give the green light to £1.5billion in funding for electric vehicles in the Budget on Wednesday (November 26).
It is expected that £1.3billion will be designated to Labour’s flagship Electric Car Grant, which is already buoyed by an initial £650million investment.
The UK’s voice of EV charging, ChargeUK, reports that a further £200million provision will help expand the installation of electric vehicle charging points.
The Electric Car Grant has already helped more than 35,000 motorists save on the price of a new electric vehicle, with more than 40 models included on the list.
If approved for eligibility, manufacturers can offer their electric cars with a discount of £1,500 or £3,750, although only four vehicles are included in the maximum incentive.
With the increased funding planned in the Budget and the ever-growing list of eligible vehicles, thousands of motorists could ditch their petrol and diesel cars.
Vicky Read, chief executive of ChargeUK, praised the Government for the planned investment, adding that the switch to electric vehicles is already rapidly moving.
Chancellor Rachel Reeves is expected to launch a huge £1.5billion spending spree for electric vehicles, despite uncertainty over plans to introduce pay-per-mile car taxes.
Reports suggest that the Chancellor will give the green light to £1.5billion in funding for electric vehicles in the Budget on Wednesday (November 26).
It is expected that £1.3billion will be designated to Labour’s flagship Electric Car Grant, which is already buoyed by an initial £650million investment.
The UK’s voice of EV charging, ChargeUK, reports that a further £200million provision will help expand the installation of electric vehicle charging points.
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The Electric Car Grant has already helped more than 35,000 motorists save on the price of a new electric vehicle, with more than 40 models included on the list.
If approved for eligibility, manufacturers can offer their electric cars with a discount of £1,500 or £3,750, although only four vehicles are included in the maximum incentive.
With the increased funding planned in the Budget and the ever-growing list of eligible vehicles, thousands of motorists could ditch their petrol and diesel cars.
Vicky Read, chief executive of ChargeUK, praised the Government for the planned investment, adding that the switch to electric vehicles is already rapidly moving.
READ MORE: Rachel Reeves blasted over ‘muddled’ rollout of pay-per-mile car taxes after Labour U-turn
Chancellor Rachel Reeves is expected to launch £1.5billion in electric car funding
| PA/GETTY
She said: “But to really put a rocket under this transition, access to affordable vehicles and widespread, cost-effective charging at home, near home and on the go is absolutely vital.
“The charging sector has been busy delivering what’s needed, but high and rising business costs have been pushing up prices and putting billions of investment at risk.”
However, the move has been criticised by members of the opposition to the Labour Government for coming at a time when “hard-working taxpayers are squeezed dry”.Shadow Transport Secretary Richard Holden said: “Ordinary families are facing increased taxes and spiralling inflation under Labour, yet the Government’s priority is handing out discounts on new electric cars.
