The plug-in car grant was originally launched in 2011 to increase the take-up of ultra-low emission vehicles. Under the scheme, motorists can receive up to a 35% discount off the basic price of an eligible car, up to maximum £5000.
With the current £5,000 plug-in car grant scheme ending this year, the government has announced they are planning a new system.
With the popularity of plug-in vehicles increasing, the Office for Low Emission Vehicles are working on the next grant system to be launched. A date for the new scheme is yet to be announced.
Funding is likely to be based on the previously announced tiered system, with lower emission full electric vehicles given a larger grant than plug in hybrids that still use an internal combustion engine.
The government has committed £500m over the next five years to support the thriving ultra-low emission vehicles sector. In 2015 50,000 grants will be issued on a first come first served basis.
The Office for Low Emission Vehicles is reviewing the van grant in due course but this is set to remain at 20% up to £8,000 until further notice. There have been 1500 van claims to date in comparison to 25,000 car claims. Nearly half of the car claims have been in the first five months of 2015, this has led to the doubt about how long the pot of grant money will last.
If you are considering a plug-in vehicle, call us on 01243 510650 for a quote and advice on the best model for you or email email@example.com.