Carbon Emissions
The question
To ask the Chancellor of the Exchequer, what estimate she has made of the fiscal cost to the Exchequer of (a) subsidies and (b) tax incentives relating to (i) electric vehicles, (ii) heat pumps, (iii) home retrofit schemes and (iv) decarbonisation grants.
Answered by Lucy Rigby
HM Revenue and Customs publishes annual statistics on the cost of tax relief and expenditures. This information is available through the following link: https://www.gov.uk/government/collections/tax-relief-statistics.
The Warm Homes Plan commits £15 billion of public investment over this Parliament to support the heat pump roll-out, retrofit for low-income households, and wider home decarbonisation measures.
The Government remains firmly committed to the Electric Vehicle (EV) transition, and we are investing over £7.5 billion out to 2035 to help drivers and the automotive sector make the switch.
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