PARLIAMENTARY WRITTEN QUESTION
Electric Vehicles: Costs (4 October 2024)
Question Asked
To ask the Secretary of State for Transport, whether her Department is taking steps with the motor industry to improve the affordability of electric vehicles.
Asked by:
Tom Hayes (Labour)
Asked by:
Tom Hayes (Labour)
Answer
The Government is reducing the upfront cost for zero emission vehicles (ZEVs) by providing plug-in vehicle grants for vans, trucks, motorcycles, taxis and wheelchair accessible vehicles.
Drivers of ZEVs also benefit from favourable tax rates, such as generous company car tax incentives. They are also exempt from vehicle excise duty (VED) until April 2025, after which electric vehicles will continue to have preferential first year rates of VED in comparison to the most polluting vehicles.
The Department has regular engagement with representatives from the automotive industry to discuss the transition to zero emission vehicles.
Answered by:
Lilian Greenwood (Labour)
14 October 2024
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.