Labour's £5,000 sweetener to launch electric car revolution | Environment | The Guardian
Tony Karrer Delicious EVdriven
APRIL 16, 2009
It will be launched today by Geoff Hoon, the transport secretary, and Lord Mandelson, the business secretary, with the aim of kickstarting the market for cleaner road vehicles and slashing the UKs CO2 emisisons. Of that, 58% of the emissions are caused by motor cars." The cash incentive for consumers would be available to offset the higher upfront costs of electric cars , in particular the price of the batteries in modern vehicles.