Autumn Budget includes £540 million into electric cars - News Summed Up

Autumn Budget includes £540 million into electric cars


A total of £540 million ($716 million) is being invested in electric cars, including £400 million ($530 million) on building more electric car charging points. Scroll down for videoA total of £540 million ($716 million) is being invested in electric cars, including research and development and charging infrastructureKEY ANNOUNCEMENTS The Budget revealed that: - £400 million ($530 million) is being invested in electric car charging infrastructure - £100 million ($132 million) is being invested in plug-in car grants -£40 million ($53 million) is being invested in electric car charging research and development - People charging their electric cars at work will not face a benefit-in-kind charge from next year - £500 million ($663 million) is being invested into the wider tech industry to help fast track regulation for new technology - This has freed up £40 million ($53 million) for research and development into electric and autonomous cars. - The government wants 'to see fully self-driving cars, without a human operator, on UK roads by 2021'The budget revealed that £400 million ($530 million) is being invested in electric car charging infrastructure, £100 million ($132 million) is being invested in plug-in car grants and £40 million ($53 million) is being invested in electric car charging research and development. Hammond added that people charging their electric cars at work will not face a benefit-in-kind charge from next year. This has freed up £40 million ($53 million) for research and development into electric and autonomous cars.


Source: Daily Mail November 22, 2017 16:39 UTC



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