UK slashes grants for electric car buyers while retaining petrol vehicle support
Car industry dismayed as green car subsidy cap also lowered with immediate effect
The UK government has cut grants for electric car buyers, to the horror of the automotive industry as it tries to rapidly shift away from fossil fuels.
The maximum grant for electric cars was reduced to from £3,000 to £2,500 with immediate effect on Thursday. The government also lowered the price cap for cars eligible for the subsidy from £50,000 to £35,000.