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UK to subsidise buyers’ EV loans to boost sales

Jim Pickard, Kana Inagaki and Sam Fleming

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London | UK ministers are drawing up plans to subsidise electric car purchases by guaranteeing consumer loans, as they look at ways to drive up sales that remain stubbornly below official targets.

The government has opened private discussions with the auto finance sector to try to increase the availability of low-interest or interest-free loans to help boost the take-up of EVs, according to government and industry figures.

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    Original URL: https://www.afr.com/companies/transport/uk-to-subsidise-buyers-ev-loans-to-boost-sales-20250129-p5l85l