UK govt to pay 25 pct of electric car price


LONDON, Feb 25 (Reuters) - The British government is to give up to 5,000 pounds ($7,668) to anyone who buys an "ultra-low carbon" car from next year and will build recharging hubs, the Department of Transport said on Thursday. The Plug-in Car Grant of 25 percent towards the purchase price, capped at 5,000 pounds, will be available across Britain for both private and business fleet buyers from January 2011, by which time a range of eligible vehicles should be on sale. "By this time next ...

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