|
Up to £5,000 for motorists purchasing an ultra-low carbon car |
Incentive to be introduced from January 2011.
Motorists across the UK will receive up to ￡5000 towards purchasing an ultra-low carbon car from January 2011.
Whilst remaining committed to reducing the UK’s budget deficit, the government understands the need for certainty for investors who are taking long term decisions now on where to launch ultra low carbon vehicles and where to locate future production.
The consumer grant will reduce the up-front cost of eligible vehicles by 25 per cent, capped at ￡5,000.
It will be open to both private and business fleet buyers.
Transport Secretary Philip Hammond said: "The coalition government is absolutely committed to low carbon growth, tackling climate change and making our energy supply more secure."
"We will review the level of the incentive regularly to ensure that the UK remains competitive and taxpayers get value for money. The first review will be in January 2012, at which point we will set the level for subsequent years."
Further information:
Department for Transport |
