The government has announced a scheme that will pay up to 25% of the cost of a new ultra-low carbon car. The scheme which begins January 2011 has been designed to promote the use of greener vehicles.
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People legible for the grant are both private and business fleet buyers. Any vehicle which has a minimum range of 70 miles an hour when they are charged, a maximum speed of 60 miles per hour and a minimum of a three year warranty would be legible for the grant.
In a statement the Driving Standard Agency said:
“The incentive aims to kick start the market for ultra-low carbon vehicles. A total of £43 million has been made available for the programme upto 31 March 2012.”
The scheme offer 25% of the price and is capped a £5000. Any grants supported beyond 2012 would be announced beyond the 2011-12 spending review.
