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As more information about the UK's £5,000 ultra-low carbon vehicle incentive ($7,800 U.S. at the current exchange rate) filters in, the grim truth is starting to seep out. The UK's Labour party drafted the initial plans for the incentive and earmarked nearly $360 million to subsidize the purchase of ultra-low carbon vehicles. Earlier this year, a new coalition government took over and reworked the entire program. Now, it's got less money and won't help as many buyers.

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