Low-carbon vehicle grant avoids axe
30th July 2010
Grants of £5,000 to help people buy ultra low-carbon vehicles, which are likely to result in cheaper car insurance, have been left untouched by the Tory-Lib Dem Government's ferocious cuts.
Transport Secretary Philip Hammond said the cash, pledged by the previous government, will still be made available in January next year but will, under the current agreement, only last until the following year when the figure will be reconsidered.
The grant will cut by a quarter the cost of new electric, plug-in hybrid or hydrogen-fuel cell vehicles - any car insurance policy for these machines would make for interesting reading.
The Department for Transport said it made the announcement in order to try to help increase sales of the ultra low-carbon cars before the Government's autumn spending review.
Mr Hammond said: "The coalition Government is absolutely committed to low-carbon growth, tackling climate change and making our energy supply more secure. We are sending a clear signal that Britain is open for business and that we are committed to greening our economy. This will ensure that the UK is a world leader in low-emission vehicles."
Copyright © Press Association 2010
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