The Government has today announced changes to the Plug-in Car Grant Scheme, including its extension until 31st March 2018, with new rules coming into force 1st March 2016.
Currently, buyers of cars eligible for The Grant can receive up to £5,000 off the selling price. From March 2016 this will change, with two different bandings in place:
Transport Minister Andrew Jones 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 £600 million over the next 5 years to cut emissions, create jobs and support our cutting-edge industries.”
The grant was created in 2011 to encourage sales of ultra-low emission vehicles (ULEVs) and has been instrumental in the UK becoming the biggest ULEV market in the EU, and the fourth largest in the world. Some 50,000 people have already benefited from the grant.
Smiths Motor Group are proud to be able to offer the two bestselling, 100% electric vehicles in the UK – Nissan’s LEAF and Renault’s ZOE – at our Nissan and Renault dealerships located on Bretton Way in Peterborough.
Both of these cars will continue to benefit from the highest level of Government Grant once the changes to the scheme come into effect next year.