What Is The UK Plug-In Car Grant?
What Are The Benefits Of The UK Plug-In Car Grants?
- 35% off the purchase price of your new car (capped at £1,500).
- There won’t be any hassle with reimbursement – dealers will simply take the grant off the prices of eligible cars.
- The grant has now been extended through to 2022/23, so you have plenty of time to decide whether the switch will be right for you.
- The scheme also offers support for those purchasing vans (up to £5,000), trucks (up to £20,000), taxis (up to £7,500) and motorbikes (up to £1,500).
Does The UK Plug-In Car Grant Apply To Leasing?
Electric cars are, famously, more costly than their fossil-fuel driven equivalents. The new Volkswagen e-Golf, for example, would set you back around £28,000 even including the OLEV grant, whereas you can get a regular Golf from around £22,000.
- You can lease this same e-Golf through Leasing Options from under £260 a month on a three-year contract, meaning you don’t have to fork out a large sum at the outset.
- By the end of the contract you will have paid under £12,000, just over a third of the RRP.
As we explain here, constant technology advances mean cars like these decrease in value rapidly. However, when you lease, the leasing company incurs this reduction in value, not you, leaving you free to lease more up-to-date models without any loss.
What Cars Are Eligible For The Charging Point Grants?
Every single electric car offered by Leasing Options is eligible for this grant. So, if you lease with us you know you’ll be eligible.
You can also find the full list of vehicles here.
Find an Electric CarGovernment electric car grants FAQs
Ultra-low emission vehicles (ULEVs) are exempt from road tax
Ultra-low emission vehicles (cars with less 75g/km CO2 emissions) and zero-emission electric cars are exempt from road tax for both first year and annual road tax. New ULEVs with a listed price over £40,000 do incur a separate tax of around £335. 0g/km CO2 emission vehicles don’t get charged the supplementary £335, but any other vehicles would (including other ULEVs).
Does The UK Government Offer A Grant To Install A Home-Charging Point?
The government will cover up to 75% of your installation cost of small home charging points that gets the job done faster than a normal socket (though you can also use these, if you have off-street parking, and the car will fully charge overnight).
Does The UK Government Offer A Grant To Install Workplace Charging Points?
Eligible businesses, charities and public sector organisations can now apply for a voucher-based scheme providing help with the initial costs of buying and fitting electric vehicle charge-points. This could help if you’re thinking about taking your business electric.
How Do I Get An Electric Car Grant?
Luckily, you don’t need to worry about applying for grants when leasing or purchasing an electric car – the seller/ leasing company will process these benefits internally. All information about charging point grants can be found on the gov.uk website.
What Cars Are Eligible For The Charging Point Grants?
Every single electric car offered by Leasing Options is eligible for this grant. So, if you lease with us you know you’ll be eligible. You can also find the full list of vehicles here.
