The UK government plans to increase funding for electric vehicle (EV) grants by £1.3 billion in the upcoming Budget. However, there is speculation that EV owners might face a new tax introduced elsewhere in the Budget announcements.
- This boost aims to encourage more people to switch to electric vehicles, supporting the UK’s environmental goals.
- Potential new taxes could affect current and future EV owners, impacting the overall cost of ownership.
MNN Take: The increased grant funding is intended to make EVs more affordable and accessible, but any new tax could offset some benefits. Details on the tax are not yet clear.
Source: BBC UK