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Carmakers respond to PiCG cut by reducing EV prices to beat new cap


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Carmakers have been rushing to cut electric vehicle (EV) prices, so they remain eligible for the plug-in car grant (PiCG).
It means, for example, the Tesla Model 3, with prices starting from £42,500, and the new Ford Mustang Mach-E, which is priced from £40,295, will now not qualify for the incentive.
However, Nissan, Vauxhall, Peugeot, BMW and Hyundai, which had electric cars priced just above the new £35,000 threshold, have reduced vehicle costs to remain eligible for the grant.
Ford said the Government decision to cut the grant, meaning that the Mustang Mach-E now misses out, was disappointing. “Robust incentives - for both purchase and usage - that are consistent over time are essential if we are to encourage consumers to adopt new technologies, not just for all-electrics but other technologies too like PHEVs (plug-in hybrid electric vehicles) that pave the way to a zero-emissions future,” a Ford spokesman expla ....

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