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Yahoo
11 hours ago
- Yahoo
13 car models added to list that qualify for new £1500 discount
Motorists across the country can now enjoy savings of £1,500 on some of the UK's most sought-after car brands as Nissan, Renault and Vauxhall models join Citroën in the Government's flagship Electric Car Grant (ECG) scheme. An additional thirteen Electric Vehicles (EVs) have been deemed eligible for the scheme, bringing this week's total to seventeen newly included models. This enhancement is part of the Government's £650 million initiative aimed at making EV ownership more affordable and straightforward, putting money back into the pockets of hardworking individuals, while also bolstering jobs and growth under the Plan for Change. In a bid to accelerate the transition to EVs, the Government is investing a whopping £4.5 billion, solidifying the UK's standing as a global frontrunner in EV adoption. For our free daily briefing on the biggest issues facing the nation, sign up to the Wales Matters newsletter here. READ MORE: Will strikes disrupt Ryanair flights to Alicante, Ibiza, Mallorca and Tenerife? READ MORE: Woman banned from driving after travelling at 46mph on the M4 With Britain projected to be Europe's largest EV market by 2024 and sales already up nearly a third this year, the future of motoring in the UK looks increasingly electric. Customers will see the discounts applied automatically at the point of sale, with no paperwork necessary. The scheme is capped at vehicles costing up to £37,000, aiming to support the most affordable options. The new eligible models announced on Saturday, August 9, are: Renault Alpine A290 = £1,500 discount Renault Megane = £1,500 discount Renault 4 = £1,500 discount Renault 5 = £1,500 discount Renault Scenic = £1,500 discount Nissan Micra = £1,500 discount Nissan Ariya = £1,500 discount Vauxhall Corsa Electric = £1,500 discount Vauxhall Combo Life Electric = £1,500 discount Vauxhall Astra Electric = £1,500 discount Vauxhall Mokka Electric = £1,500 discount Vauxhall Frontera Electric = £1,500 discount Vauxhall Grandland Electric = £1,500 discount These join the following Citroën models announced as eligible for the grant earlier this week: Citroën ë-C3 = £1,500 discount Citroën e-C4 = £1,500 discount Citroën ë-C5 = £1,500 discount Citroën ë-Berlingo = £1,500 discount Transport Secretary Heidi Alexander said: "With discounts on seventeen car models announced this week alone, we're delivering on our promise to make it easier and cheaper for families to go electric. "This is about backing drivers, putting money back into people's pockets and creating the jobs and growth that will drive Britain forward, delivering on our Plan for Change." In the coming weeks, as manufacturers' applications are evaluated against the scheme's sustainability standards, more models are expected to be approved. The ECG forms part of a hefty £4.5 billion investment from the Government to accelerate the adoption of electric vehicles, simultaneously stimulating industry and fostering growth as part of the Plan for Change. Given that high upfront costs are often a deterrent to purchasing EVs, these discounts aim to reduce the price of models so they align more closely with their petrol and diesel equivalents. With over 82,000 public charging points currently available – equating to one new addition every half an hour – and more than 100,000 planned for the near future, the Government is constructing the infrastructure drivers require to confidently make the switch. Moreover, to facilitate the transition to electric vehicles, the latest £63 million charging package includes funding to simplify home charging for motorists and enable them to run their EVs for as little as 2p per mile. RAC head of policy Simon Williams said: 'Another wave of cars qualifying for the Government's revamped Electric Car Grant is yet more welcome news. It's also very positive to see other manufacturers that don't meet the grant's green production targets lowering their prices. "Those looking to make the switch now have a wider choice of better value vehicles than ever before. This can only help speed up the transition to electric motoring." In collaboration with the industry, the Department for Transport is swiftly making these discounts available to drivers, providing guidance to facilitate manufacturers' applications. This initiative coincides with the Zero Emission Vehicle (ZEV) Mandate, obliging manufacturers to progressively sell a higher percentage of zero-emission vehicles each year. Recent amendments to the mandate offer the industry the certainty and stability it has been seeking, while vital trade agreements with the US, India, and the European Union bolster the UK's automotive sector and safeguard jobs. John Veichmanis, CEO at Carwow Group: "The confirmation that more affordable, practical EVs have been approved for the Electric Car Grant is exactly what the market needs. "Data from Carwow's platform shows that buyers are ready to act; demand for EVs under £37,000 jumped 124% in the week following the scheme's announcement. Interest in already-approved models has surged, and we expect these newly added vehicles to draw immediate attention. 'Car-buying decisions don't happen overnight, they often take months, so early clarity on eligible models is crucial. By lowering upfront costs, the grant plays a pivotal role in turning EV curiosity into commitment.'
Yahoo
a day ago
- Yahoo
Recent Trade Deal Throws Curveball to Ford and GM
Key Points Tariffs and trade policy are rapidly changing. The recent trade deal with Japan could enable cheaper imports compared to American autos. Japan's market would be incredibly tough to break into, as the deal hopes to encourage. 10 stocks we like better than Ford Motor Company › It's been quite the task keeping up with rapidly changing policy when it comes to incentives for electric vehicles and tariffs slapped on many products from many countries. Just as investors, analysts, and automakers were getting familiar with tariffs, things are being shaken up again with the administration's trade deal with Japan. The problem? This deal might not be good at all for General Motors (NYSE: GM) and Ford Motor Company (NYSE: F), while it benefits Japanese rivals. Let's dig in. What's going on? As maybe only President Donald Trump would do, the announcement was made via social media: "We just completed a massive Deal with Japan, perhaps the largest Deal ever made," President Trump announced on Truth Social, according to Yahoo Finance. Trump added that Japan would pay a "reciprocal" tariff on imports of 15%, as well as invest $550 billion into the US "at my direction," Trump said, without further details. So, what does this mean, you ask? The 15% tariff rate will apply to cars and car parts, meaning that Japanese automakers will be able to import vehicles from Japan cheaper than U.S. automakers, such as Ford and General Motors, can import vehicles from Mexico or Canada at a 25% rate. While Canada's tariff rate was recently raised to 35% for Canadian imports, goods that comply with the United States-Mexico-Canada Agreement, including most vehicles and auto parts, are exempt. Further, not only does the trade deal with Japan lower the costs for their imports, but it only reduces the incentive for them to build more cars in the U.S. region. Adding insult to injury, U.S. automakers are also paying more for crucial components such as steel, aluminum, and copper because of the administration's tariffs on imported metals. What was the goal? President Trump's goal was to have more production and jobs flow to the U.S., but this policy could end up making it more expensive for U.S. automakers compared to foreign automakers paying a lesser tariff on imports. Another goal was also to open access to the Japanese automotive market, but that comes with serious caveats. For instance, it would take several years to build infrastructure to sell even a small amount of vehicles in Japan. U.S. automakers sold only 16,000 vehicles in Japan last year, which is less than 1% of the total market, compared to Japanese automakers selling 5.3 million vehicles in the U.S. market last year, roughly one-third of the market, and half of those were imported, according to Barron's. Trying to bulk up the Japanese manufacturing capacity in the U.S. market isn't the worst of goals -- the Center for Automotive Research estimates that Japan's automotive sector supports around 1.6 million U.S. jobs. That said, any deal that charges Japanese imports, with barely any U.S. content in the vehicles, less than tariffs of Ford or GM vehicles coming from Mexico raises more questions at best, and is simply a bad deal for U.S. autos at worst. And this entire development could change again before automakers even have time to grasp the potential impact from this trade pact, as President Trump's tariff threats and negotiations are ongoing. Ultimately, for investors, this development is just the latest signal that patience will be required in the near term as automakers grapple with the changes and try to offset increased costs while figuring out what production changes to make within an incredibly complex supply chain. It's likely to be a bumpy ride, especially if the administration agrees to more trade deals that could benefit U.S. rivals more than domestic autos. Should you buy stock in Ford Motor Company right now? Before you buy stock in Ford Motor Company, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Ford Motor Company wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $635,544!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,099,758!* Now, it's worth noting Stock Advisor's total average return is 1,046% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Daniel Miller has positions in Ford Motor Company and General Motors. The Motley Fool recommends General Motors. The Motley Fool has a disclosure policy. Recent Trade Deal Throws Curveball to Ford and GM was originally published by The Motley Fool
Yahoo
2 days ago
- Yahoo
Devastation as fire rips through garage and shipping container goes up in flames
A devastating fire involving a vehicle and shipping container ripped through a garage in a Greater Manchester town. Aerial images from the scene on the edge of Rochdale town centre show the devastation caused by the fire this evening (August 7). Fire crews were called to the blaze at a commercial garage in Jermyn Street, which involved a vehicle and a container, at around 6.15pm. Huge plumes of black smoke engulfed the area with onlookers left 'panicked' as they feared it might spread, one eyewitness said. READ MORE: LIVE: Huge fire in Greater Manchester town as black smoke fills the air - latest updates READ MORE: 'We've been stuck in a hotel room living off Pot Noodles for weeks, it's a nightmare' The fire is now under control but some roads remain closed as crews using specialist equipment continue 'damping down' the area. Never miss a story with the MEN's daily Catch Up newsletter - get it in your inbox by signing up here A spokesperson for Greater Manchester Fire and Rescue Service (GMFRS) said: 'At around 6.15pm today (Thursday 7 August), four fire engines from Rochdale, Littleborough and Heywood fire stations attended a fire involving a vehicle and a container at a commercial garage on Jermyn Street, Rochdale. 'Crews arrived quickly and used three hose reels, a 45mm jet, a drone and aerial platform ladder to extinguish the fire. "Greater Manchester Police are in attendance to assist with road cordons while firefighters remain on the scene to continue damping down the area.' Rugby Road, James Street and the top of Jermyn Street remain closed while buses are still being diverted away from Yorkshire Street. Mohammed Yousaf from Auto Shop in Milkstone Road told the Manchester Evening News that people in the area were 'panicking'. He said: "They were in a panic, hoping it doesn't get worse. I told them to close all your windows. "All the black smoke, it's not good to inhale it. After that, I heard the fire brigade come, probably around three. "Then I heard some other sirens. I thought it's time to leave, before I get stuck there." Join the Manchester Evening News WhatsApp group HERE
