India, Aug. 18 -- Thousands of drivers and businesses across the United Kingdom are set to benefit from lower prices as the government has announced vital funding to support the uptake of electric vans and trucks in the country.

UK's Future of Roads Minister Lilian Greenwood has confirmed on Monday that the plug-in van and truck grant will continue through to at least 2027. Grant levels for the 2026 to 2027 financial year will be confirmed in due course.

The plug-in van and truck grant currently offers discounts up to 2,500 pounds for small vans, 5,000 pounds for large vans, 16,000 pounds for small trucks, and 25,000 pounds for large trucks.

By switching to electric, businesses could save more than £2,800 annually on fuel alone acco...