UK Weighs Electric Car Fund Boost to Lure Green Investment (1)

The UK is considering plowing hundreds of millions of pounds more into its electric-car subsidy fund, people familiar with the matter said, as part of the government’s response to US President Joe Biden’s package of green subsidies.

Chancellor of the Exchequer Jeremy Hunt is weighing the top-up to Britain’s Automotive Transformation Fund as part of the fiscal package he’s due to unveil in next month’s Autumn Statement, according to the people, who requested anonymity discussing plans that aren’t yet concrete.

UK Chancellor of the Exchequer Jeremy Hunt.

Photographer: Hollie Adams/Bloomberg

The extra funding is needed because the government in recent months has paid out substantial amounts to persuade ...