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.