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While the Tories – and other right-wingers around the globe – are still messing up the planet with fossil fuels, Labour has announced a game-changing plan to democratise ownership of electric cars.

A Labour government will offer loans of up to £33,000 to low- and middle-income households, people in rural areas, independent contractors and small-to-medium-sized businesses, to buy electric cars.

The intention is to provide clean transport for everyone, with 2.5 million interest-free loans; the government would cover the cost of interest.

And the scheme would boost the national grid, as everyone receiving a loan would be required to participate in a mass trial of “Vehicle-2-Grid” technology.

Electric cars will store energy when demand is low – during the night when the wind is blowing but people are asleep, for example – and discharge into the grid when energy use peaks -in the evening as people arrive home from work. This smooths out demand and reduces reliance on gas-driven power stations.

The plan was explained by shadow chancellor John McDonnell:

“This will stimulate the automotive industry. It will sustain jobs in the conversion from fossil fuels to electric but actually it will create new jobs as well.

“So this is beneficial in terms of the climate, [and] it is beneficial for those people who want to convert their carbon-fuel powered car into an electric vehicle that is sustainable.

“At the same time, it will help support the automotive industry and create jobs. Those jobs are in areas where we have had real issues, particularly with Brexit.”

The plan has been announced to contrast with the Conservative government, which has been slammed repeatedly, including by the Society of Motor Manufacturers, for scrapping support for electric cars.

Labour’s plan seems much better all round, it seems.

Source: John McDonnell announces interest free loans for electric cars  – The Labour Party

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