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Britain pledges £43 million in electric car subsidies

Wed, 07/28/2010 - 9:24am
Reuters

LONDON (Reuters) - Britain's coalition government will commit 43 million pounds ($66.73 million) over 18 months to subsidize the uptake of electric cars, the department for transport (DfT) said on Wednesday.

British motorists will receive up to 5,000 pounds toward the purchase of a low-carbon car from January 2011 to March 2012, transport secretary Philip Hammond said.

The amount committed on Wednesday is less than the 250 million pounds pledged by the previous Labour government over a five-year period.

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