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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge

UK reportedly planning electric car loan subsidies to push sales

An electric car plugged into an EV charging point.
Electric vehicles in particular have been affected by the industry-wide sales slowdown. Photograph: John Walton/PA

The UK government is reportedly considering subsidising purchases of electric vehicles by guaranteeing consumer loans, as it looks at ways to boost sales that are failing to reach official targets.

Ministers have started talks with the car finance sector on how to make more low-interest or interest-free loans available to help consumers buy more EVs, according to the Financial Times.

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