UK Extends Plug-In Car Grant Through February 2016
The UK government announced an extension of its Plug-in Car Grant of up to £5,000 (around $7,750) beyond the first 50,000 cars (expected to be reached in November) until at least February 2016.
Plug-in Car Grant and Plug-in van grant (up to £8,000) awaits spending review before new long term plans for the grants will be announced.
“Given its ambition to make the UK a world leader in ultra low emission technology, the Government recently announced that a minimum of £200 million has been made available to continue the Plug-in Car Grant and this latest news will add extra incentive toprivate buyers and fleets who were looking to ‘go electric’ in 2015 and 2016. Further details about how the plug-in car grant will be structured beyond February are expected following the Government Spending Review in November.
Popular demand for ultra-low emission vehicles meant that the 50,000 threshold will be reached before the end of the year. Registrations of plug-in cars accelerated rapidly over the first six months of 2015, according to the Government-backed Go Ultra Low campaign, growing 256% against the same period last year and surpassing the 2014 full-year total with six months to spare.”
Earlier this year, the government announced plans to introduce new categories of plug-in car grants to differentiate the amount of the grant.
As of today, the UK is approaching 40,000 plug-in cars.
Transport Minister, Andrew Jones MP said:
“I’m pleased to announce today that the government is maintaining the current levels of grant, even as we move past the milestone of 50,000 vehicles.
“The UK is now the fastest growing market for electric vehicles in Europe. We will continue to invest to help make this technology affordable to everyone and to secure the UK’s position as a global leader.”
Hetal Shah, Head of Go Ultra Low, said:
“Continuing the Plug-in Car Grant at current levels is positive news for everyone, as it encourages zero-emission motoring and secures more funding for a greater number of ULEV buyers. This announcement demonstrates the government’s commitment to supporting the growth of the ULEV market. If we are to meet ambitious targets for ULEV uptake, continued investment is paramount.”