Electric Vehicles: Finance

(asked on 15th October 2026) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he plans to announce additional financial support for the purchase of electric vehicles in the forthcoming Budget; and whether he has received representations from the Secretary of State for Transport on increasing the £7.5 billion currently allocated to supporting the transition to zero emission vehicles.


Answered by
Dan Tomlinson Portrait
Dan Tomlinson
Exchequer Secretary (Cabinet Office) (Jointly with HM Treasury)
This question was answered on 20th October 2026

The government is committed to supporting the transition to zero-emission vehicles. The government is already investing over £7.5 billion through to 2035 to help consumers, businesses and the automotive sector make the switch. This includes £2 billion for the Electric Car Grant, through which more than 160,000 drivers have already benefited from discounts across more than 60 models.

Decisions at the Budget are for the Chancellor, and it would be inappropriate to speculate on future fiscal announcements.

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