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Car loans customers could be helped with electric vehicle strategy

Car loans customers considering the purchase of an electric car may be encouraged by new government plans to subsidise the cost of such vehicles.

Car loans customers considering the purchase of an electric car may be encouraged by new government plans to subsidise the cost of such vehicles.

Yesterday, business secretary Peter Mandelson and transport secretary Geoff Hoon announced proposals to give buyers of ultra-low carbon motors between £2,000 and £5,000 of financial help.

This initiative is part of an overall scheme to encourage the uptake of greener driving, although cars eligible for monetary support will not be available until 2011.

Mr Hoon said cutting carbon emissions via road transport was one of the key ways to combat climate change.

"Less than 0.1 per cent of the UK's 26 million cars are electric, so there is a huge untapped potential to reduce emissions," he explained.

Another part of the ultra low-carbon strategy was to give £20 million for charging stations across the UK. These will be used by electric and plug-in hybrid cars.

Following the announcement, various organisations in the industry voiced their opinions.

TheGreenCarWebsite.co.uk was one of them - and said it was "great" to see a positive step towards a change in driving habits.



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