Categories

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Electric car grant extended to 2017 thanks to new funding

Drivers choosing electric cars will benefit from a £500 million investment, which extends the government’s £5000 EV incentive scheme for three more years
Electric car grant to be extended to 2017 thanks to new funding
The BMW i3 is among the electric cars to benefit from the government’s £5000 grant

Electric car grant to be extended to 2017 thanks to new funding
Electric car grant extended to 2017 thanks to new funding

Darren Moss
by Darren Moss
29 April 2014

Motorists buying electric cars will be able to claim on the government’s £5000 incentive until at least 2017. The extended scheme comes as part of a wider initiative for an extra £500 million worth of funding to encourage the uptake of ultra-low emission vehicles.

The funding, which will be made available from next year until 2020, is being used to create new jobs, grow the existing electric charging point network and encourage drivers to choose electric cars.

By far the biggest chunk of funding, some £200 million, will be used to extend the government’s current plug-in electric vehicle grant, continuing the £5000 incentive for buying an electric car. The grant has been extended until at least 2017, or until 50,000 electric cars have been sold. The plug-in electric vehicle grant was initially supposed to end in May next year, and offers drivers significant savings on cars like the Nissan Leaf, Renault Zoe and BMW i3. The grant brings the price of an all-electric i3 down from £30,680 down to £25,680.
More autocar.co.uk

Share

Leave a Reply