Cost savings Grants available Grants for electric vehicles The Government are keen to encourage us to ‘make the switch’, and start enjoying the many benefits of electric motoring. To make this easier, there are a number of generous grants available to eligible customers buying either a 100% electric or plug-in hybrid car or van. Up to £4,500 off an eligible new car We know that new cars can seem expensive. The Government’s Plug-in Car grant is designed to help overcome this, by giving you up to £4,500 off the ‘on the road’ price of an eligible new 100% electric car, £2,500 off eligible plug-in hybrid cars, and up to £8,000 off the price of a new electric van. In many cases this brings the price of electric cars and vans in-line with their equivalent petrol or diesel models. Eligible cars are split into three categories, which determines the level of grant they receive: Category 1: eligible cars with a zero emission range of over 70 miles will receive a grant of £4,500 (covering 100% electric cars such as the Hyundai IONIQ Electric and Nissan LEAF) Category 2: eligible cars that have CO₂ emissions of less than 50g/km and a zero emission range of between 10 and 69 miles, with an ‘on the road’ price of £60,000 or less, will receive £2,500 (typically including plug-in hybrids such as the Audi A3 e-tron and Toyota Prius Plug-in). Category 3: eligible cars with CO₂ emissions of 50 to 75g/km and a zero emission range of at least 20 miles, with an ‘on the road’ price of £60,000 or less, will also receive £2,500. Benefiting from the grant is easy – as you don’t really have to do anything. When you buy your new car, the dealership will complete all of the paperwork on your behalf at point of purchase. The grant is administered by the Office for Low Emission Vehicles (OLEV) and they have set a number of criteria that eligible cars have to meet; these include ensuring all cars meet certain safety requirements. You can also access a Plug-in Grant if you need a van. The grant will give you up to £8,000 off the price of an eligible van. Again, applied as you buy. Information on cars and vans eligible for the Grant is available here. If you’re still concerned, it’s worth remembering that there are a wide range of finance and leasing options available on electric cars, spreading the cost across more manageable monthly payments. With some models you can even consider buying the car and leasing the battery, lowering the initial purchase price and giving you complete peace of mind for the lifetime of your battery. Up to £500 grants for charging If you are regularly going to charge at home, installing an authorised home charging unit is the fastest, easiest and safest way to charge your car – and comes with a Government grant of up to £500 towards the cost of installation. To qualify, you need to be the registered keeper, lessee or have primary use of an eligible electric vehicle, with dedicated off-street parking. If you don’t have a driveway or garage, you can still get help for a chargepost on your street. The Government has directed funds for local authorities to enable them to respond to resident requests for on-street residential charging solutions. Ask your local council whether it is participating in this scheme. To find out more, please click here. To make commuting in your Go Ultra Low car even easier, the Workplace Charging Scheme also enables any business, charity or public authority to claim a grant of up to £500 per charging socket towards the cost of installing EV chargepoints, providing they have dedicated off-street parking for staff. Please click here to find out more about the OLEV charging grants available. Local bonuses It is worth exploring your local area to see what regional initiatives you could benefit from. In London, Go Ultra Low cars receive a 100% discount from the London Congestion Charge, saving up to £11.50 per day. Go Ultra Low vehicles benefit from discounted or free parking at various handy locations in a number of regions. This allows you free or lower-cost parking when visiting the local high street or even driving to meetings.