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<p>We are investing nearly £1.5bn between April 2015 and March 2021 to support the
market for Ultra Low Emission cars, vans, HGVs, taxis and motorcycles, and schemes
to support charge point infrastructure at homes and workplaces, and on residential
streets. This funding also includes grants for research to support the development
and deployment of ultra low emission technologies. Government grants for plug-in vehicles
will be available until at least 2020, reducing the upfront purchase price of electric
vehicles We stated in our Road to Zero strategy that consumer incentives in some form
will continue to play a role beyond 2020.Purchasers of ultra-low emission vehicles
also receive other benefits, including: lower tax rates, and grants towards the installation
of chargepoints. HMT recently announced plans to accelerate the shift to zero emission
cars by removing company car tax in 2020-21, 1% in 2021-22 before returning to the
planned 2% rate in 2022-23 – a significant tax saving for employees and employers.
A number of local authorities also provide additional incentives such as free parking
or exemption from the congestion charge. We have also supported the uptake of ultra
low emission buses through the Ultra Low Emission Bus Scheme.</p>
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