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U.K. Preps for Electric Vehicle Boom

23 February 2015

ULEVs are increasingly becoming the “right choice” for people in the United Kingdom, with sales quadrupling year-on-year in 2014 and Nissan LEAF capturing 55 percent of the U.K. EV market clocking 4,051 units.

Even as the United Kingdom crosses the 25,000 electric and plug-in hybrid registrations mark, the government proposed a new initiative that lists differentiating criteria for cars to avail federal incentives under its Plug-in Car Grant (PiCG) scheme. The incentive program has offers 25 percent on the sticker price of EVs and PHEVs, capped at GBP 5,000 (US $7,695), for a limit of 50,000 cars or by till 2017, whichever comes first. Currently, any electric car with less than 75g/km of CO2 emissions and at least 70 miles of electric range is eligible for PiCG. That is set to change from April this year when the revised program kicks in. The new scheme mandates three levels of eligibility based on the CO2 emission levels and the zero emission range. Although the eligibility has been categorized, the incentives for all categories remain unchanged at GBP 5,000 (US $7,695).

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Related links:

IHS Automotive & Transportation

News articles:

Toyota Begins Silicon Carbide Chip Trial

Banner Year for Automotive Chips

Infineon Goes Top of Automotive Chip Market Ranking

Fast-charging Batteries

Global Production of Electric Vehicles to Surge 67 Percent This Year

Tesla Model S Reflects Trends in M2M Automotive Market



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