Britain to subsidize electric car purchases

Britain to subsidize electric car purchases London - The British government said Thursday it will offer cash incentives to motorists who buy electric cars.

Under measures due to come into force in 2011 drivers will receive a subsidy of between 2,000 to 5,000 pounds (7,500 dollars) if they switch to electric vehicles.

The green scheme, expected to cost 250 million pounds, is designed to help the environment and inject life into Britain's struggling car industry.

Electric cars will soon be a "real option" for motorists, Transport Minister Geoff Hoon said in announcing the plans.

According to Business Secretary Peter Mandelson, only 0.1 per cent of the 26 million vehicles on Britain's roads were powered by electricity.

He said electric vehicles will play a key role in cutting emissions and paving the way for a "low-carbon future." (dpa)

Business News: 
General: