December 2021 Newsletter – Monthly Question
Have the Government reduced the EV grants too soon?
As you saw above, the Government have chosen to reduce the EV grants.
Of course, this is going to add cost to any fleet who are seeking to buy EVs.
The Department for Transport (DfT) has said the reduction will make the ‘available funding go further’, therefore allowing more individuals and businesses to make the switch to EVs.
However, there has been significant criticism from the industry following the decision.
Their reasons for criticising the decision vary significantly. Some question whether the decision could have been announced earlier, although that inevitably would have led to a surge in orders. Others argue it does not make sense to make the change when inflation is at its highest, and Covid-19 is further impacting the economy.
Other stakeholders believe that the grant was first introduced to kickstart growth in the EV market, which has now happened.
Therefore, we ask our readers the following question.
Do you think the Government have cut the EV grant at the right time?
- The EV market has been kickstarted, which was the intention of the grant. Plus, funding is limited and should be spread.
- The grant was a lifeline for those who wished to make the switch to EV.
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