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UK government support for electric car market

After a period of relative uncertainty regarding the future of electric cars in the UK, the UK government has today reiterated a subsidy programme introduced by the Labour government which will see up to £5000 handed over to those who acquire an electric car, a plug-in petrol/electric hybrid or a car powered by hydrogen fuel cells from January 2011.

There had been concern within the UK car market that the subsidy, to be introduced by the Labour government, would fall by the wayside and indeed comments from Vince Cable just a few days ago did not give hope to the sector. However, it seems that the coalition government is very much aware of its eco-friendly credentials and the need to introduce eco-friendly power and other eco-friendly services to the UK. The potential payment of a £5000 subsidy to those acquiring energy-efficient vehicles in the future will certainly go some way to reducing the UK's carbon emission footprint.

It will also guarantee a whole host of jobs in the UK car industry and indeed we should seek a flurry of overseas car manufacturers now heading to the UK. A maximum £5000 payment will obviously go some way towards improving the popularity of these vehicles which will also go some way to reviving the UK car industry.

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