The UK market for electric vehicles is skyrocketing in number and all these are because of government subsidy.
For every purchase of electric vehicles a staggering amount of £2,000 to £5,000 grant depending on the car’s brand is given for each smart buyer. The grant is only for fully electric and plug-in hybrid vehicles to lead the green monitoring revolution.
This grant is also a part of the government’s plan to convert Ireland’s vehicles to EV by 2020. Well, the Ireland’s incentive scheme is to exempt electric vehicle drivers from Vehicle Registration Tax. Charging infrastructure will also be provided for the new owners of EV. An agreement with Renault-Nissan has been made to supply all-electric cars from 2011. These companies will supply their all new Nissan LEAF and Kangoo ZE that will surely transform the Irish energy and transport sector. This will also make Ireland as one of the first countries that will utilize a nationwide electric charging network.
The British government is very firm for the continuing support for the low-carbon EV’s and making it as a real option to all motorists. Alternative engine technologies that include hydrogen, natural gas and electric are currently posing some concerns regarding their charging stations.
These battery charging concerns are not just in Europe but anywhere else in the world that are using EV as an alternative vehicle. To address this, the government is setting aside £20 million to set charging points for all major cities and regions. This will also offer opportunities for jobseekers and entrepreneurs. The only remaining question is will the car companies supply the growing demands of electric vehicles? 2012 will be a busy year for the European market and the government is counting on the manufacturers to meet or even exceed these demands. Companies like Tesla, Mitsubishi, Nissan, BMW and a few others will have their vehicles ready by 2012 or even earlier.
The government is also planning to support the ongoing cost acquired by electric drivers. One example is on buying charged batteries. This government assistance will greatly affect the buying decisions of car consumers once this is approved. Europe is currently having a less than 0 .1 percent of electric vehicles in the road today and the government has to increase that number through these tax credits and subsidies. There are approximately 26 million cars on British road today and the government is expecting to raise the number of electric vehicles after the subsidies and other discounts.