Tesla received nearly £200m in UK government grants since 2016: Report

ELON MUSK’s electric vehicle company Tesla has received £191 million in grants from the UK government since 2016, according to an analysis by Tussell.

The majority of the funding, £188m, was provided by the Department for Transport (DfT) through the plug-in car grant scheme, which aimed to promote the adoption of electric and plug-in hybrid vehicles, The Guardian reported.

The scheme, introduced in 2011, offered discounts on new plug-in cars, starting at £5,000. It ended in June 2022. Tesla received £61.6m under the scheme in 2020, the highest annual amount, with the figure declining to £49,000 in the first six months of 2022, based on the latest DfT figures.

The remaining £3m in grants was sourced from various public bodies, including Stirling Council, the South Central NHS Trust, and the Scottish government, The Guardian reported Read More…