Because most electric vehicles are brand new, their price can seem higher than comparable petrol or diesel cars at first glance. To help overcome this, the government introduced a special plug in electric car grant to help buyers offset some of the cost of a new electric car.
This grant is available on a range of eligible electric vehicles including cars, vans, motorcycles, mopeds, taxis and even large trucks. To qualify for the plug in electric car grant the EV that you buy must have emissions of less than 50g/km and a zero emissions range of more than 70 miles. The maximum grant available for new electric cars is £3,500 while the maximum for a new electric van is £8,000.
With these generous grants, worth up to 35% of the purchase price of a new electric car, the cost of a new EV falls broadly in-line with the price of an equivalent petrol or diesel model. Even better, you won’t need to do a thing to qualify for the grant as the dealer who you buy the vehicle from will include the value of the grant in the vehicle’s price at point of purchase.
You can read more about the OLEV plug in car grant, including full details of every EV which qualifies for the grant, on their website.