UK Plug In Car Grant Nears 50,000 Vehicle Limit
We are now just several months from 50,000 plug-in cars cumulatively being sold in the UK. This milestone will happen by the end of this year.
Sales in the first six months exceed 14,000 for a grand total of some 35,000. But the second half of the year is typically stronger.
Why does this matter? Because most of sales qualify for the Plug-in car grant (up to £5,000) and Plug-in van grant (up to £8,000), which end after 50,000 cars or by the end of 2017, whichever comes first.
UK probably will change/upwardly revise the amount of the grants, and has already prepared a foundation for new incentives that vary for different vehicle categories.
If new grants are lower in value than existing ones, then we expect to see an additional spike in sales sometime in the fall.
New rules are expected anytime now.
The Guardian was recently considering the situation of plug-in cars in UK, but nobody knows what the new cap will be and how strong it will affect the current 1% market share for plug-ins.