The UK can give you $7,600 to give up your diesel or petrol car for an EV


British Prime Minister Boris Johnson is reportedly considering a scrappage system that would allow people to take out diesel and petrol vehicles and into cleaner electric vehicles.According to a report in the British newspaper The Telegraph, drivers could be given up to 6,000 pounds ($7,600) to a new electric vehicle if they lament their old combustion engine.

[Read: Germany to give citizens up to $10K towards a new electric car — doubling its subsidy]

The report says the news will come as part of a speech Johnson is expected to give on July 6. The speech would detail a number of initiatives to revive the UK economy as more coronavirus lockdown measures rise.

Automotive manufacturing is a large company in the UK, with one of the country’s most popular electric vehicles, the Nissan Leaf, being manufactured in the Japanese company’s Sunderland factory. It is also interesting to note that new car sales are down nearly 90% as a result of the coronavirus lockdowns that shut down car dealerships across the country.

While the scrappage system is designed to help increase demand for the automotive industry, it is also favorable to new car buyers. Financial incentives and scrappage programs are the main reason why people avoid making the change, the cost. In general, electric vehicles are more expensive to buy than their combustion counterparts.

Credit: Electric Vehicle Experience Center – Edited