"It is good news the electric car grant is getting topped up and that the Treasury realised they had not allocated enough to it in the first place. Having said that, the policy around EVs is really confused. You can't incentivise people to get EVs while also floating the idea of pay-per-mile chargers. Prospective buyers feel like they are being green-lit to buy a new car and then immediately met with a stop sign in the form of a pay-per-mile tax."
"At the spending review earlier this year, the chancellor announced a 400m electric car grant scheme to reduce the upfront price of new EVs by up to 3,750. That scheme has so far helped 35,000 drivers buy a new EV, and has proved so popular that it is due to run out in two years' time. The chancellor will use next week's budget to top up that fund by an extra 1.3bn and extend eligibility until 2029-2030."
The government will add £1.3bn to electric vehicle subsidies and allocate £200m for charging infrastructure, extending grant eligibility until 2029-2030. A prior £400m grant reduced upfront prices of new EVs by up to £3,750 and helped 35,000 drivers, but that scheme was due to run out in two years. A package totaling £1.5bn aims to cut upfront costs, accelerate charge-point rollout and boost jobs and growth. A proposed pay-per-mile tax of about 3p per mile risks deterring prospective buyers and could undermine incentives to switch to electric vehicles. Carmaker targets require rising zero-emission sales through 2030.
Read at www.theguardian.com
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