Electric cars currently make up just 7% of the UK car market, but it is hoped that the announcement will jump start the industry.
The FT said that around £500m in fresh funding for electric car charging infrastructure would be rolled out in the new year.
Ian Plummer, director at Auto Trader, said: “In order to meet the government’s new ban of petrol and diesel cars by 2030, the sale of EVs must overtake the sale of traditional ICE (internal combustion engine) cars by 2024.
(Image: Getty Images)An end to the sale of new petrol and diesel cars would mark a huge shift in Britain's automotive market.
“More and more consumers are discovering the benefits of owning an electric car, from cheaper running costs to a better experience behind the wheel. "

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