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30/07/2010 - Ultra-Low Carbon Car Scheme Is Approved

The Department for Transport's proposed grant scheme to assist individuals and businesses purchase ultra-low carbon cars has been given the go ahead.

UK motorists - including individuals and business fleet buyers - will be able to access a grant to fund up to 25% of the up-front cost (to a maximum amount of £5,000) of purchasing an ultra-low carbon vehicle. Due to launch in January 2011, the £43m grant fund has been approved despite widespread spending reviews and cost-cutting measures to address the UK's budget deficit.

Transport Secretary Phillip Hammond commented:

“The coalition Government is absolutely committed to low carbon growth, tackling climate change and making our energy supply more secure.

“We are sending a clear signal that Britain is open for business and that we are committed to greening our economy. This will ensure that the UK is a world leader in low emission vehicles.

“We will review the level of the incentive regularly to ensure that the UK remains competitive and taxpayers get value for money. The first review will be in January 2012, at which point we will set the level for subsequent years.”

Further details will be published on the Office for Low Emission Vehicle (OLEV) web pages in due course:

http://www.dft.gov.uk/pgr/sustainable/olev (opens in new window).

Source: DfT, 28/07/10

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