Electric Car Grant Scheme Unveils £1,500 Discount for Select Models

Strategic Insights -

The UK government's Electric Car Grant scheme has announced the first batch of qualifying vehicle models for complete purchase grants, with 28 electric vehicles set to benefit from discounts of either £3,750 or £1,500. The scheme, aiming to make electric vehicles more accessible, will apply discounts automatically at the point of sale. Manufacturers will be assessed according to the scheme's sustainability standards, ensuring that only qualifying models receive the grants.

Key Takeaways:

  • 28 electric vehicles will be eligible for grants of either £3,750 or £1,500, with the Ford Puma Gen-E and Ford E-Tourneo Courier qualifying for the higher discount.
  • Discounts are automatically applied at the point of sale and are determined by sustainability standards.
  • Vehicles must not exceed £37,000 to qualify for the grants.
  • The scheme aims to bring prices down, making electric vehicles more comparable to petrol and diesel vehicles.
  • Ford and PEUGEOT have welcomed the government's decision, with Ford UK Chair and Managing Director Lisa Brankin stating that the move will "accelerate the transition to electric mobility".
  • The Electric Car Grant scheme is part of the government's £650 million strategy to increase the uptake of electric vehicles.

Statistics:

  • 28 electric vehicles will be eligible for grants.
  • The Ford Puma Gen-E and Ford E-Tourneo Courier qualify for a £3,750 discount.
  • 6 PEUGEOT models qualify for the £1,500 discount.
  • The scheme aims to reduce the lifetime carbon emissions of electric vehicles.
  • Electric vehicles produce less air and noise pollution.
  • Electricity can frequently be cheaper than petrol or diesel, especially if charged at home or through renewable energy solutions.

Sources:

  • Yorkshire Live: "New Electric Car Grant scheme unveiled, with motorists eligible for discounts of up to £7500"
  • Gov.uk: "Electric Car Grants"
  • "Fewer than 10% of new cars sold in the UK are electric", BBC News
  • "Why electric cars are better than petrol and diesel", The Telegraph