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The Independent UK
The Independent UK
David Maddox

Rachel Reeves finds £1.5bn to subsidise electric vehicles in net zero drive

Rachel Reeves HMT Minimum Wage Nissan

Rachel Reeves is set to announce a £1.5bn subsidy for electric vehicles in a bid to persuade motorists to turn their backs on fossil fuels.

The handouts to bring down the cost of electric vehicles comes as the chancellor is expected to introduce a new pay-by-the-mile tax on drivers of EVs in a move which has already been criticised by the industry.

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