The loan guarantee announcement follows news from earlier this month, when the government revealed plans for electric charging points in every new home, street light post and business around the country. The UK has ambitious plans to eliminate the sales of new gasoline and diesel cars by 2040, and by 2050 wants to reduce emissions by 80 percent compared to 1990 levels. Transport Secretary Chris Grayling says government plans aim to provide “one of the most comprehensive support packages for zero-emission vehicles in the world.”