UK Brings Back EV Grants Offering Up to £3,750 Discount

The UK is reintroducing grants of as much as £3,750 ($5,000) to support electric vehicle purchases, as the Labour government seeks to bolster its beleaguered car industry and meet net zero goals.

The £650 million program is intended to speed the switch to emission-free vehicles, the Department for Transport said in a statement. The full incentive is available only for new vehicles costing less than £37,000, with more than 30 models currently available under that threshold.