Government to Boost EV Grants with £1.3 Billion Investment
The British government is set to inject a massive £1.3 billion into the Electric Car Grant program, ensuring its continuation well beyond the original projections. This move comes after just over two months since the scheme's launch in July when more than 35,000 electric vehicle (EV) drivers have already claimed grants totaling at least £52.5 million.The initial funding of £650 million was supposed to last until March 2029 but is now on track to be exhausted much earlier due to the rapid uptake of EVs. The government’s decision to replenish the fund is not just about extending financial support; it's also seen as a proactive response to upcoming changes in road taxation, which may involve drivers paying per mile driven.While the Electric Car Grant has already provided significant relief fo...