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The British government has approved a program legislators there believe will provide a big boost for electric vehicle technology and a resulting drop in CO2 emissions - a national subsidy to buyers of zero and near-zero emissions cars and trucks equal to the lower of 25 per cent of the vehicle's purchase price or 5,000 British pounds.

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Smart ED (electric drive) goes on sale in Britain later this year and wold qualify for the new British subsidy covering up to 25 percent of the purchase price.
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At present exchange rates, the British EV subsidy equalst $7,642 - close to the $7,500 federal tax credit available in the U.S. to purchasers of the least polluting cars and trucks.


The program is funded for 230 million pounds ($351.5 million) - good for at least 46,000 vehicles if all qualify for the maximum amount.
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Tags: Chevrolet, Fisker, Ford, Fuel Cell, Honda, Plug-ins and Electric, Smart, Tesla, Vauxhall, EV Chargers, U.K.British Electric Car Subsidies

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Britain to Subisdize Electric Car Cost - Up to $7,600 Per - to Help Jumpstart Demand was originally published by Green Car Advisor. Read the full story by clicking here.