BUDGET 2017: electric car charging boost

Published on

The Chancellor announced today the allocation of £400m for the fitting of electric car charging points.

Alex Buttle, director of car buying comparison website Motorway.co.uk, said: “While this is fantastic news for motorists, the total investment the Government has allocated to encourage the use of electric vehicles is disproportionate to the opportunity for change.

“More electric charge points are key, but the Government also needs to put far more resource into encouraging car owners to switch to alternative fuel vehicles in the first place.

“Electric cars are still far too expensive for the average car owner, and while alternative fuel car sales are on the up, they’re not rising fast enough to phase out fossil fuel cars within the next 5-10 years.

“The government needs to be far more aggressive with supportive tax breaks and incentives to help consumers make the leap to the more expensive electric car models. It needs to be a no-brainer for motorists to take the leap, and we’re just not there yet.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

FCA mortgage fraud investigations hit near-record low

The Financial Conduct Authority (FCA) opened just one enforcement investigation into mortgage fraud in...

House prices see first increase in four months

House prices increased for the first time in four months during June, rising by...

Nationwide cuts mortgage rates across fixed and tracker range

Nationwide has cut mortgage rates across its fixed-rate range and reduced selected tracker products. The...

Top proptech providers join forces

Four of the UK’s leading Proptech providers – LMS, Landmark Information Group, InfoTrack and...

Landbay launches new remortgage AVM products

Buy-to-let lender, Landbay, has launched new premier remortgage AVM two-year fixed-rate products and reduced...

Latest publication

Other news

FCA mortgage fraud investigations hit near-record low

The Financial Conduct Authority (FCA) opened just one enforcement investigation into mortgage fraud in...

House prices see first increase in four months

House prices increased for the first time in four months during June, rising by...

Nationwide cuts mortgage rates across fixed and tracker range

Nationwide has cut mortgage rates across its fixed-rate range and reduced selected tracker products. The...