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UK's £650M EV Grant Faces Criticism Over Used Market

7/16/2025

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Summary

UK Government Grants

The UK government is back with a £650 million Electric Car Grant, providing up to £3,750 off new electric vehicles priced under £37,000. Yet, industry leaders voice concerns, highlighting the neglect of the used EV market, which is struggling with falling values. They warn that this narrow focus could hinder overall electric vehicle adoption and erode consumer trust.

Summary

Automakers Race Sales

As the clock ticks down to September 30, the looming expiration of federal EV tax credits—$7,500 for new and $4,000 for used vehicles—has ignited a sales frenzy among automakers like Tesla and Ford. With EV sales on the decline, consumers are racing to secure their electric vehicles before the deadline, potentially reshaping both new and used EV markets.

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UK Government Grants

The UK government is back with a £650 million Electric Car Grant, providing up to £3,750 off new electric vehicles priced under £37,000. Yet, industry leaders voice concerns, highlighting the neglect of the used EV market, which is struggling with falling values. They warn that this narrow focus could hinder overall electric vehicle adoption and erode consumer trust.

1 / 2