With the Government’s “Green Revolution” deadline for the end of petrol & diesel vehicle sales now set at 2030, the incentives to take on electric vehicles have changed. In this article, Vanarama takes a close look at what the grants are & what types of vehicles they’re available on.
The UK Government’s grants on electric vehicles & low emission vehicles are designed to help customers make the switch to electric vehicles by reducing the higher up-front prices. Customers will see there are discounts applied to the prices of brand new low-emission vehicles through grants the government gives to manufacturers & those business leasing or selling the vehicles.
**Does A Customer Need To Do Anything To Activate The Grants? **
Customers don’t need to do anything to activate the discounts when they buy one of these vehicles - the responsibility is with the company arranging the lease or sale to include the value of the grant in the vehicle’s price.
Which Vehicles Are Eligible For These Grants?
The size of grant a customer is able to take advantage of depends on which category the vehicle falls into. At present, there are 7 categories in which grants are available. They are:
Small vans (V)
Large vans (V)
The first 3 categories (marked with a V in brackets) are the ones Vanarama can help you with - we do not lease motorcycles, mopeds, taxis or trucks.
Also, be aware that not all low-emission vehicles are actually eligible for a grant. Only vehicles that are on the Government’s approved list of vehicles are eligible for a grant - you can view the full approved vehicle list on the Government’s website.
What Grants Are Available On Cars?
To qualify for the grant on low-emission cars, the CO2 emissions of the vehicles must be less than 50g/km & they should be capable of travelling at least 112km or 70 miles without any emissions at all - easy for fully-electric cars.
The cars must also cost less than £35,000 as its recommended retail price (RRP), & must include VAT & delivery fees. The grant pays for 35% of the purchase price, up to a maximum of £2,500.
What Grants Are Available On Small Vans?
To qualify for the grant on low-emission small vans, they must have a gross vehicle weight of less than 2500kg, emit CO2 emissions of less than 50g/km & be capable of travelling at least 96km or 60 miles without any emissions at all. The grant pays for 35% of the purchase price, up to a maximum of £3,000.
What Grants Are Available On Large Vans?
To qualify for the grant on low-emission large vans, the vehicles must have a gross vehicle weight of between 2500kg & 3500kg gross vehicle weight, emit CO2 emissions of less than 50g/km & be capable of travelling at least 96km or 60 miles without any emissions at all. The grant pays for 35% of the purchase price, up to a maximum of £6,000.
Are Grants Available On Home/Business Charging Points?
Or, you can get up to £350 (including VAT) discounted from the installation price of a charger through the Government’s Electric Vehicle Homecharge Scheme.
If you enjoyed this article, take a look at this one titled ‘Is 2021 The Year Of The Electric Van?’. Or, find your new lease of life on our special offers page.