British Labor Party pushes for electric vehicle revolution

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The UK electric vehicle market has been hot, but it could be a lot hotter, and the Labor Party wants to make it happen. Party leaders want to expand access to electric vehicles, increase charging infrastructure, and accelerate adoption of EVs.

Shadow Business Secretary Ed Miliband wants the UK to make the electric vehicle market fairer and bigger by offering interest-free loans to buyers as well as a scrapping system in which people can make a vehicle older and polluting and get credit for the purchase of a new electric vehicle.

The interest-free loans would be made available to low- and middle-income people, if Miliband and the Labor Party got their way, and would be applicable for purchases of new and used electric cars. Electric cars clearly have much lower operating costs, which can lead to lower lifespan costs even though they have higher initial costs than comparable gasoline vehicles (as is usually the case), and interest-free loans would suddenly make them less operational. and the lifetime costs available to those who could benefit the most.

“By extending the possibility of buying an electric car to low-income people and accelerating the deployment of charging stations in areas that have been left out, we would ensure that everyone can benefit – rather than cook in injustice, ”says Miliband.

“And we would invest to secure the future of the industry. While it is true that the government has announced the end of the sale of new gasoline and diesel cars, it is wrong to force a massive transition on our Whitehall manufacturers and then wash its hands of responsibility.

“To support the auto industry and create jobs, Labor would come up with ambitious proposals to spark an electric vehicle revolution in all parts of the country.”

In addition to these subsidy options and a larger investment in electric vehicle charging, Miliband would like the UK to welcome 3 new gigafactories of batteries by 2025.

The flip side of this ambitious drive to become greater leaders in electric vehicles is that the UK has just cut its subsidy for electric vehicles (Plug-in Car Grant / PiCG). The maximum grant is now £ 2,500 instead of £ 3,000. In addition, high-end electric vehicles are no longer eligible. The maximum price (before incentives) to be eligible is £ 35,000, compared to £ 50,000. However, this fits with Labor’s goal of making incentives for electric vehicles more focused on low- and middle-income households.


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