Government extends subsidy for ultra-low emission vehicles
The DfT has announced a long-term extension to the plug-in car grant, backed by a £400m investment in a bid to treble the number of ultra-low emission vehicles (ULEVs) on Britain’s roads.
The grant was created in 2011 to encourage sales of ULEVs and, according to the government, has been instrumental in the UK becoming the biggest ULEV market in the EU, and the fourth largest in the world. 50,000 people have already benefited from the grant.
The extension means that the grant will continue until at least the end of March 2018 and, as of March 2016, buyers of the greenest cars will save up to £4,500 off the purchase price.
Andrew Jones, road safety minister, said: “The UK is a world leader in the uptake of low emission vehicles and the plug-in car grant has been key to that success.
“Extending the grant in a sustainable way ensures more than 100,000 people will benefit from financial support when purchasing these cheap-to-run and green cars.
“We are determined to keep Britain at the forefront of the technology, increasing our support for plug-in vehicles to £600m over the next five years to cut emissions, create jobs and support our cutting-edge industries.”
The government has also announced it will continue to provide a grant to help ULEV owners have a dedicated charge point installed at their home.
From 1 March 2016, the electric vehicle homecharge scheme (EVHS) will offer £500 per installation, which on average will cover around half of the cost of installing a charge point.