Britain is providing GBP532m (US$669m) in consumer incentives for ultra-low emission vehicles.
The government will provide GBP403m for the plug-in car grant (PICG), extending it to 2022-23 and GBP129.5m to stretch the plug-in grants for vans, taxis and motorcycles to 2022-23.
Starting from 12 March, 2020, those making the switch to electric cars will be eligible for a grant of up to GBP3,000. As the uptake of zero-emission cars increases, a small reduction to the grant, as well as excluding cars costing GBP50,000 or more will allow more drivers to benefit from making the switch for longer.
Alongside this, the government will also continue to provide grants to support the purchase of zero emission vans, taxis and motorbikes at the same rate as before.
The rates of all of the plug-in vehicle grants are subject to review, depending how the market develops.