Reeves to announce £1.5bn boost in EV subsidies amid pay-per-mile concerns
PositiveWorld Affairs

- Chancellor Rachel Reeves is set to announce a £1.5 billion boost in electric vehicle (EV) subsidies as part of the upcoming budget, which aims to support the purchase of new EVs until 2030. This funding includes £1.3 billion for subsidies and £200 million for charging infrastructure, addressing concerns about a potential pay-per-mile tax that could deter consumers from buying electric cars.
- The announcement is significant for the UK automotive industry, as it seeks to maintain momentum in the EV market amid fiscal challenges. The subsidies are intended to encourage the transition to cleaner vehicles, which is crucial for meeting environmental targets and stimulating economic growth in the sector.
- This development occurs against a backdrop of ongoing debates about fiscal responsibility, with contrasting views on government spending and taxation. Concerns have been raised about the sustainability of such subsidies in light of potential budget cuts and the risk of economic instability, as highlighted by warnings from political figures regarding the need for careful financial management.
— via World Pulse Now AI Editorial System







