According to what the UK government is studying to support the purchases of electric cars by guaranteeing consumer loans, because they are looking for ways to increase sales that fail to reach official goals.
The ministers have started talks with the auto financing sector on how to provide more low or interest -free loans to help consumers buy more EVS, according to the Financial Times.
By securing private loans, the government can help make the cost of electric cars higher than gasoline and diesel equations, FT, citing government and industry numbers.
There is no doubt that such a step will be welcomed by the auto industry, which warns for some time against facing it Difficult market conditions. Electric cars were particularly affected by the slowdown in the industry level because they require greater preliminary expenses, compared to their fossil fuel counterparts.
Previous support plans for electric cars It ended in 2022When the conservative government pulled the plug on the final grant.
The government said at the time that grants had created a ripe market for very low emissions cars, and has fully strengthened electric car sales over a decade. However, the controversial decision left the United Kingdom as a large European country without any incentives for electric cars, which car makers called “very disappointing”.
Recently, the auto industry has been pressing the government to reduce sales classes, known as the ZEV delegation (ZEV), which forces car makers to sell more electric cars every year in order to reduce carbon emissions.
Car makers Selling a record number of electric cars In the United Kingdom in 2024, meaning No fines have been issued for missing targetsBut the industry told the ministers that green goals are not sustainable.
The manufacturers were told that 22 % of car sales in the UK should be electric in 2024, as it rose to 28 % in 2025. However, they will be able to avoid sanctions on losing the main target if they sell more battery cars in the following years. , Or if they cut public emissions.
The increase in the UK sales has made one of the world’s leaders to adopt electric cars, albeit that is Behind Norway and China. Nevertheless, the purchases were less than expected in the face of the broader slowdown in the car market, while consumers expressed their concerns about the account of buying an electric car, as well as access to public shipments.
the government Prepare for relaxation EV sales targets For this year, so that he can avoid imposing highly declining fines on manufacturers under the ZEV mandate. A consultation will be closed about changing the rules in mid -February.
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Reports of new subsidies for EVS come days after the advisor, Rachel Reeves, I launched a rare offer to intervene In a hearing in the Supreme Court in Car Finance Committee scandalWhich can prevent car financing companies from having to pay tens of billions to consumers.
a surprise The Court of Appeal ruling last October He decided to pay a “secret” committee for car dealers who arranged car loans, without revealing the amount and conditions of that committee for the borrowers, was illegal. The ruling greatly expanded the scope of compensation for the potential consumer.
A letter from the treasury to the Supreme Court judges said, “Any treatment should be proportional to the loss that the consumer actually suffers from and avoid giving the surprise,” said a letter from the treasury to the Supreme Court judges.
