UK names nine electric cars eligible for subsidy

* Nine electric cars eligible for subsidy scheme

* More to be announced next year

LONDON, Dec 14 (BestGrowthStock) – The British government on Tuesday
revealed the first nine electric vehicles that will be eligible
for their purchasers to receive subsidies of up to 5,000 pounds
($7,935) under a plan to promote low-carbon transport.

Under the scheme, the government has pledged 43 million
pounds ($68.24 million) until the end of March 2012 to help
British motorists shift to low-carbon vehicles. [ID:nLDE66R0Q5]

They will receive up to 5,000 pounds towards the purchase of
a low-carbon car from January 2011 to the end of March 2012.

Subsequently, the level of the grant will be reviewed
according to vehicle cost and the development of the market.

Eligible vehicles are Mitsubishi’s (7211.T: ) iMiEV, Daimler’s
(DAIGn.DE: ) smart fortwo electric drive, Peugeot’s (PEUP.PA: ) iON,
Citroen’s CZero, the Nissan (7201.T: ) Leaf, the Tata (TAMO.BO: )
Vista electric vehicle; the Toyota (7203.T: ) Prius Plug-in,
Vauxhall’s [GM.UL] Ampera and General Motors’ (GM.N: ) Chevrolet

The government said it will announce more eligible cars next

“The British public has in the past shown it’s ready to
embrace new technology and take practical steps to adopt a
lifestyle kinder to the environment, so we could really be at
the start of something big,” transport secretary Philip Hammond
said in a statement.
Five regions — the Midlands, Greater Manchester, east
England, Scotland and Northern Ireland — have successfully bid
for a share of a 20 million pound fund to install local charging
points for electric vehicles, the government added.
(Reporting by Nina Chestney; Editing by Anthony Barker)

UK names nine electric cars eligible for subsidy