UK EV Grant Spurs Industry Discounts, Exclusion Fears
UK EV Grant Spurs Industry Discounts, Exclusion Fears

UK EV Grant Spurs Industry Discounts, Exclusion Fears

News summary

The UK government has launched a £650 million Electric Car Grant (ECG), offering up to £3,750 off new EVs priced under £37,000, with eligibility based on emissions and sustainability standards such as joining the Science Based Targets Initiative. The grant is intended to accelerate electric vehicle adoption, particularly through salary sacrifice schemes, making EVs more affordable for both individuals and employers. However, the government has not yet released the complete list of qualifying vehicles, creating uncertainty for some manufacturers. In response, Chinese brands including Great Wall Motor (GWM) and Leapmotor have introduced their own discounts to match the grant and remain competitive. GWM's Ora 03 is now available from £21,245 after a £3,750 discount, and MG has offered an additional £1,500 off select models. Industry concerns remain over the grant's criteria potentially excluding Chinese EVs, but the initiative and industry responses are expected to support the UK's transition to cleaner transport.

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