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

The British prime minister, Boris Johnson, is said to be considering a scrappage scheme that would get people out of diesel and petrol vehicles and into cleaner electric vehicles.

According to a report from UK newspaper The Telegraph, drivers could be given up to £6,000 ($7,600) towards a new electric vehicle if they scrap their old combustion engined motor.

[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 will reportedly detail a number of initiatives designed to kick-start the UK economy as more coronavirus lockdown measures lift.

Automotive manufacturing is big business in the UK, with one of the country’s most popular EVs, the Nissan Leaf, being made in the Japanese firm’s Sunderland factory. It’s also worth noting that new car sales are down nearly 90% following the coronavirus lockdowns which closed car dealerships across the nation.

While the scrappage scheme is designed to help bump demand for the automotive industry, it is also supportive of new car buyers. Financial incentives and scrappage schemes address the main reason people avoid making the switch, cost. Typically, EVs are more expensive to buy, compared to their combustion counterparts.

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Credit: Electric Vehicle Experience Center – Edited