UK slashes grants for electric car buyers while retaining petrol vehicle support

Car industry dismayed as green car subsidy cap also lowered with immediate effectThe 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 has been reduced to ?2,500 with immediate effect on Thursday, from ?3,000. The government has also lowered the price cap for cars eligible for the subsidy from ?50,000 to ?35,000. Continue reading...