A new UK subsidy scheme designed to boost the sales of electric cars has created confusion across the industry and is likely to hit short-term sales and second-hand car prices over the longer term, automotive executives have warned.
The application for the £650mn grant kicked off on Wednesday, but carmakers will have to wait for weeks to learn which of their models will be eligible for the subsidies.
Only Nissan has said its new electric Leaf model, which will be produced at its Sunderland plant, will be likely to be eligible.
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