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<p>The Department for Transport has not assessed the impact of recent changes to fuel
prices on the uptake of Ultra Low Emission Vehicles (ULEVs). Fuel prices are one variable
that can impact on Ultra Low Emission Vehicle uptake among many, including vehicle
pricing, manufacturer supply, consumer demand for vehicles, infrastructure provision
and the regulatory regime surrounding vehicles. Fuel prices are also volatile and
short-term changes may not indicate a change in long-term prices. DfT regularly update
long-term projections of ULEV uptake and take into account a wide range of variables,
including the best available data on fuel prices produced by BEIS.</p><p> </p><p>The
Government is investing £2.5 billion to support the market for electric vehicles.
Budget 2020 included £532m extra funding to keep the Plug-in Vehicle Grants for another
three years, and favourable benefit-in-kind rates for zero emission vehicles extended
out to 2025. Additionally, we are providing £500 million to support the rollout of
a fast-charging network for electric vehicles, ensuring that drivers will never be
further than 30 miles from a rapid charging station.</p><p> </p>
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