Cheap electric car finance could be on the cards as government aims to boost sales

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Cheap electric car finance could be on the cards as government aims to boost sales

//business-finance.news-articles.net/content/202 .. the-cards-as-government-aims-to-boost-sales.html

Published in Business and Finance on Monday, December 2nd 2024 at 11:30 GMT by Bill Williamson
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

A newspaper column and whispers suggest that government-backed cheap EV loans could be coming to stimulate market

2024-12-02 266 x 150 / 7940 Bytes

The UK government is considering the introduction of cheap loans to boost the sales of electric vehicles (EVs) as part of its strategy to meet the 2030 ban on new petrol and diesel car sales. This initiative, potentially modeled after the Help to Buy scheme for housing, aims to make EVs more affordable amidst rising costs and economic challenges. The government's plan includes not only financial incentives but also expanding the charging infrastructure, with a goal to have 300,000 public chargers by 2030. This comes in response to a significant drop in EV sales, with a 17.7% decrease in January 2023, highlighting the need for incentives to encourage consumer adoption of electric vehicles.

Read the Full AutoExpress Article at:
[ https://www.autoexpress.co.uk/news/365227/cheap-ev-loans-could-be-way-government-aims-boost-sales ]

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