Could the government back low interest EV loans? Plus Lookers gets new chairman and Group 1 results

Here's your weekly catch up of motor trade news in bite sized chunks all in one place

Hello and welcome to another busy week in the motor trade – all digested and dissected for you for easy reading.

In this week’s update I take a look at rumours the government could be about to back cheap loans for electric car buyers.

Elsewhere, I look into car dealer concerns that they may bear some of the brunt of the cost of compensation for the finance commissions debacle, Alex Smith turns up at Lookers and Group 1 turns in some impressive homework.

Also featured in this week’s briefing are:

• Used car prices

• Genesis

• Clocking scam

• Polestar

• Motors

• Huge taxpayers…

• …and tax dodgers

• Carwow

• Tesla

Ok, let’s get into the headlines and my take on the week’s news.

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What’s happening?

This week the Financial Times revealed the government was in talks with the car industry about how it could back cheap loans for electric car buyers.

Ministers are said to be planning to subsidise loans for EVs to bring the prices more into line with petrol or diesel models.

The loans could be interest free completely, or just low interest, and the move is designed to help kick start sluggish sales of EVs to retail buyers. But would it work?