March 31, 2010
Time called on Government scrappage scheme
Time has been called on the Government’s popular scrappage scheme, car manufactures took their last orders yesterday.
The scheme was widely regarded as a success and was designed to boost the industry during the economic downturn.
400,000 customers were helped with buying a new car through the scheme, which accounted for 20% of all new car registrations.
Lord Mandelson, Business Secretary said: “The scheme was always time limited and today as it closes I am pleased to see scrappage has delivered the results we aimed for – not just for manufacturers, but for the whole industry and its supply chain. The figures show that this scheme gave vital support, boosting demand when the industry needed it most, helping to position the auto sector to meet the challenges of building a strong low carbon future.
February 25, 2010
Motorists get up to £5,000 towards cost of an ultra-low carbon car
The government have just announced that green motorists will receive £5,000 to help them to buy a ultra-low carbon cars in 2011.
This follows the success of the scrappage scheme which finished today and gave motorists a flat rate price for their cars when purchasing a new one.
This new incentive will be distributed directly to the consumer at the point of purchase and should be available alongside a new range of eligable vehicles in 2011.
Transport Secretary Andrew Adonis said:”Decarbonising transport isn’t an aspiration – it’s a reality. By this time next year, cutting edge motorists will be on the roads with these next generation cars they’ve purchased because of our help.
Part of the initiative will see the government invest £450 million to create a flourishing early market for low-carbon vehicles.
Also included will be a £30 million fund for a electric vehicle hubs – called Plugged-In Places – this will finally see a comprehensive infrastructure for charging cars in car parks, supermarkets, leisure centres and retail centres.
The first areas to receive the new infrastructure were named today as London, Milton Keynes and the North East.
Business minister Pat McFadden said: “We have already committed £450m to delivering our ambitious vision of supporting suppliers of low carbon technology, encouraging demand from consumers and enabling lead UK cities and regions to switch on charging infrastructure.
“The Government is focusing on this sector as a priority and we are committed to helping British businesses take advantage of the growth potential and job opportunities this presents.” he added.
A second competition for Plugged-in Places funding is to follow later in the year, with consortia from the West Midlands, Cornwall, Sheffield, the Lake District, Greater Manchester and Northern Ireland having already confirmed their intention to bid for the next wave of funding.