Plug-In Hybrid Sports Cars To Lose Subsidies In UK
This month, some of the most generous government subsidies for plug-in hybrid cars in the UK will go away for vehicles over £60,000 ($84,918).
Purchasers of these rather expensive plug-in hybrids will no longer be able to reap the benefits of a £5,000 ($7,077) discount.
The government changes will cut other incentives as well. Fully-electric grants will be reduced by £500 ($708), to a total of £4,500 ($6,369). Subsidies for PHEVs will be cut in half, reducing it to £2,500 ($3,538). This affects cars like last year’s best seller, the Mitsubishi Outlander PHEV.
Toby Mitchell of Mitsubishi noted:
“Dealers are reporting a huge increase in interest, as buyers are looking to order before the grant reduces.”
Examples of cars affected by the “Supercar” pricing limit:
- BMW i8 – £104,540 ($147,955)
- Mercedes S 500 e luxury saloon – £89,290 ($126,372)
- Porsche’s Panamera S E-Hybrid sports car – £82,439 ($116,676)
One can only hope or assume that those buying cars in the above price range won’t be too deterred by the loss of the “small” discount.