The government's Office for Low Emission Vehicles has announced an extension of the popular plug-in car grant that will see the initiative now run until at least February 2016.
Offering grants of up to £5,000 for individuals purchasing a low-emission vehicle in the UK, the scheme is forecast to witness uptake of more than 50,000 grants issued by the end of November and it is therefore an initiative that has truly captured the imagination of car buyers up and down the country.
Available for hybrid or full-electric vehicle purchases, the grant enables motorists to receive additional cashback on the costs of their new car and is aimed at encouraging more people to embrace the benefits of this burgeoning vehicle segment.
Indeed, transport minister Andrew Jones commented: "The UK is now the fastest growing market for electric vehicles in Europe.
"We will continue to invest to help make this technology affordable to everyone and to secure the UK's position as a global leader."
Organisations across the UK have reacted positively to the extension of the scheme, with chief executive of the Society of Motor Manufacturers and Traders Mike Hawes arguing it is good news for road users and for the nation as a whole that continued support for low-emission vehicles is being witnessed at present.
However, he added: "The market for these vehicles remains small … so it is essential that government continues to provide effective incentives for their uptake."
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This story was posted by Daniel Crosby, Assistant Marketing Executive at the Fuel Card Group.