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Labor proposes interest-free loans and scrapping programs to encourage electric car buyers

Shadow Trade Secretary Ed Miliband has proposed interest-free loans for electric car purchases and a national scrapping program to encourage electric car purchases.

The Labor MP said: “To support the auto industry and create jobs, Labor would come up with ambitious proposals to spark an electric vehicle revolution in all parts of the country.

“By extending the option to buy an electric car to those on lower incomes and accelerating the rollout of charging stations in areas that have been left out, we would ensure that everyone can benefit from it – instead of baking unfairly.

“And we would invest in securing the future of the industry. While it is correct that the government announced that sales of new gasoline and diesel cars will end, it is wrong that it is imposing a massive transition from Whitehall to our manufacturers and.” then washes the hands of responsibility. “

Milliband has proposed offering low to middle income interest-free loans to purchase new and used electric cars in order to eliminate the upfront cost of buying an electric car.

Labor is also proposing a new national scrapping program, similar to the one launched in 2009. That offered drivers £ 2,000 off the price of a new car after the financial crisis last year.

In addition, Milliband has called for accelerating the adoption of electric car chargers, particularly on roads and in areas such as Yorkshire, the North West and the West Midlands. Finally, Milliband has proposed the construction of three new battery giant factories in the UK by 2025, in which the government is involved.

Millibands’ proposals come a week after UK government decision to cut the Plug-in car grant (PiCG) Amount and list price threshold. Electric cars now receive a maximum of £ 2,500 (reduced from £ 3,000) for cars that cost less than £ 35,000 – instead of £ 50,000 as before. In response, several electric car manufacturers have started to offer new customer offers and reduced prices for their electric models.

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