💨 Abstract

The UK government has introduced a £650 million subsidy scheme to lower the cost of electric vehicles (EVs), offering grants of up to £3,750 for new EVs under £37,000. This move aims to make EVs more competitive with petrol and diesel cars, tackling the high upfront costs that deter many potential buyers. The initiative is part of the government's broader £4.5

Courtesy: Craig Munro