If you are looking to buy an electric vehicle, there’s help available to make the switch that little bit easier. It was recently announced that the Scottish Government would be investing £30million into low carbon transport with support including the Used Electric Vehicle Loan and Domestic Chargepoint Funding.
As well as support from the Scottish Government, the UK Government also offer the Plug-in Van Grant and EV Chargepoint Grant.
Here’s everything you need to know about the funding available.
Plug-in Van Grant
The Plug-in Van Grant offers up to £5,000 towards the cost of a large van, or up to £2,500 towards the cost of a small van if it meets the specified emissions criteria.
Vans that are able to travel 60 miles without creating any emissions and have C02 emissions of 50h/km or less are eligible for the grant.
Your local Macklin Motors dealership will take care of all the hard work for you. Just be sure to read the terms and conditions to double-check if the grant amount has already been taken off the advertising price, or if the grant is still to be discounted.
Used Electric Vehicle Loan
The Used Electric Vehicle Loan is an interest free loan funded by Transport Scotland and administered by Energy Saving Trust.
Used cars and vans are eligible for an interest free loan of up to £30,000 with a repayment term of five years. If you prefer to get around on two wheels instead of four, you could also be eligible for an interest free loan of up to £5,000 on electric motorcycles and mopeds.
EV Chargepoint Grant
From 1st April 2022, the UK Government replaced the Electric Vehicle Homecharge Scheme (EVHS) with the EV Chargepoint Grant.
The new grant offers more support to homeowners in flats and rented accommodation make the switch to electric. If you qualify for the scheme, you could be eligible for £350 towards the cost of a home charging point.
To qualify for the scheme you must:
- Live in a rented property or own a flat.
- Have access to dedicated off-street parking.
- Own, lease, or have use of an electric or plug-in hybrid vehicle that qualifies for the grant.
- Have not already claimed the EV Chargepoint Grant or the previous EVHS grant for your vehicle.
Please note: you can't claim two chargepoints if you own a second electric vehicle.
Domestic Chargepoint Funding
In addition to the EV Chargepoint Grant, you could also be eligible for up to £300 towards purchasing and installing a home chargepoint through the Domestic Chargepoint Funding.