Chancellor’s future transport tech pledge

30th November 2016

London-at-night (1)

A total of £390m will be invested in future transport technology, last week’s Autumn Statement confirmed.

Chancellor Philip Hammond announced £150m of funding to provide at least 550 new electric and hydrogen buses, reduce the emissions of 1,500 existing buses, and support taxis to become zero emission.

A further £100m will be invested to test infrastructure for driverless cars, while £80m will be allocated to the installation of more charging points for ultra-low emission vehicles.

A 100 per cent first-year allowance for companies that install electric charge points, which enables them to deduct the cost from their pre-tax profits in that year, also came into effect last week. 

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