Renewable Roundup: UK eyes a cash for clunkers program (to boost EV sales)
UK PM ThatIdiotBorisJohnson has a good idea: Pay drivers to give up gas guzzlers and buy electric cars. The chief argument against it from within the government is that it would mainly benefit foreign carmakers and not create UK jobs, as though Adam Smith had never lived, and we were in the time of Mercantilist economics and the Navigation and Stamp Acts that did so much to provoke the American Revolution, the original Brexit.
Well, I admit that we rather are, since the current Brexit. Anyway, it isn’t the fault of the rest of the world that the UK can’t make or sell good cars, particularly electric cars.
The government is reportedly considering launching a car scrappage scheme, in which drivers could be given up to £6,000 to trade in their diesel or petrol vehicle for an electric one.
Boris Johnson will use a speech on 6 July [maybe] to announce the measures, according to The Telegraph, following a 90 per cent decline in car sales in May, when compared to the same month last year.
The government is looking to give the UK car industry a boost – particularly Britain’s three biggest car manufacturers, Jaguar Land Rover, BMW and Nissan, which all have electric cars at the heart of their sales strategies.
But the Financial Times is now reporting that there is no guarantee such a scheme will be launched, with four senior officials telling the paper that it is now “very unlikely” such a scheme will be launched. It is understood the Treasury is reconsidering the best way to stimulate the UK economy following the coronavirus crisis and there is a belief that a scrappage scheme would boost overseas manufacturers more than British firms.
With no official word from the government, the new reports could deter potential customers from pushing ahead with buying a new car in the short term. Exclusive research conducted by Autocar sibling brand What Car? shows that 29% of car buyers are already delaying plans to buy a new car post-lockdown in the hope of a taxpayer-backed scrappage scheme.
The What Car? survey of 6632 new car buyers also revealed that nearly 19% have changed the brands they were considering pre-lockdown, and 25% will be moving to a smaller car. Notably, around one in 12 buyers have said they are looking to buy a pure EV as a result of the lockdown, with one in seven likely to opt for a hybrid.
3 days ago – Reports suggest the UK government is considering a car scrappage scheme, offering car buyers discounts of up to £6000 to scrap a petrol or diesel car in favour of a new electric or hybrid model. A new car scrappage scheme is set to be announced, offering car buyers discounts of up to £6000, according to reports.
Scrappage programmes generally have the dual aim of stimulating the automobile industry and removing inefficient, more polluting vehicles from the road.
9 hours ago – That was the year the UK Government introduced a scrappage scheme to encourage the sale of new cars by providing a £2,000 incentive if you …
Jun 1, 2020 – Some car makers are offering scrappage trade-in incentives to … Euro standards set the emissions limits for new cars; the first, Euro 1, was …
Hyundai Scrappage and Emission Reduction Scheme. We’re taking older less efficient cars off the road while making a new Hyundai even more affordable.
Get £2000 off a Kia Picanto, or £2500 off a Kia Stonic, Niro Self-Charging Hybrid and New Sportage. Trade in your old car and make the Kia 7-year switch today.
- Jaguar I-Pace
- Hyundai Kona Electric
- Kia e-Niro
- Mercedes EQC
- BMW i3
- Tesla Model 3
- Volkswagen e-Golf
- Audi E-Tron Quattro
- Renault Zoe
- Tesla Model X
- Nissan Leaf
- Hyundai Ionic
- Volkswagen e-up
- Porsche Taycan
- Honda e
- Vauxhall Corsa-e
- MINI Electric
- Peugeot e-208
Jaguar, Vauxhall, and MINI are UK brands, but MINI is now owned by BMW.
(Crossposted with DailyKos)