The UK plug-in grant extended until March 2018 0

There is good news and bad news if you were planning to buy an EV or PHEV using the Government’s money off scheme. The good news is that the grant has been extended until March 2018. The bad news is that the amount of money you’re entitled to is decreasing and, in some cases, is completely gone.

The Nissan Leaf, one of the most popular EVs in the UK and a Category 1 vehicle for the grant.

The Nissan Leaf, one of the most popular EVs in the UK and a Category 1 vehicle for the grant.

We covered the current grant on our blog several weeks ago, when it was set to finish in February next year. At the moment when you buy an electric or plug-in vehicle in the UK, you get £5,000 off the price. Starting next March however, this will change.

If you buy a Category 1 vehicle, all-electric or a vehicle with a 70-mile+ electric range, you will now be entitled to £4,500. If you buy a Category 2 vehicle, a plug-in hybrid or vehicle with less than a 70-mile zero-emissions range, you’ll only receive £2,500 off. The news gets worse still, as any Category 2 vehicles over £60,000 are no longer eligible for the grant.

It’s reported that 50,000 people have already benefitted from the current grant. “The UK is a world leader in the uptake of low emission vehicles and the plug-in car grant has been a key to that success,” says Transport Minister Andrew Jones. “Extending the grant in a sustainable way ensures more than 100,000 people will benefit from financial support when purchasing these cheap-to-run and green cars.”

The grant was first launched in 2011, but is being extended further because, as Jones says, “we are determined to keep Britain at the forefront of the technology”. He adds, “increasing our support for plug-in vehicles to £600 million over the next five years to cut emissions, create jobs and support our cutting-edge industries”.

The BMW i3 will be a Category 2 vehicle and is priced around £29,000.

The BMW i3 will be a Category 2 vehicle and is priced around £31,000.

On top of the plug-in scheme extension, the government have also introduced another money-off grant. As of March 1st, you can now apply for a £500 grant that will go towards having a home-charging point installed. This covers about half of the typical costs and can be fitted onto your house or garage.

If you were thinking about using the grant to buy an EV or PHEV, then you be best to do it before the 1st of March 2016 when the discount decreases.

 

 

Image credit:

http://www.nissan.co.uk/GB/en/vehicle/electric-vehicles/leaf/design/photos.html

http://www.bmw.co.uk/en_GB/new-vehicles/bmw-i/bmw-i/360-electric.html