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Generous tax incentives, including zero road tax and favourable company car tax rates, which are a strong driver of uptake and can save drivers over £2000 a year, remain in place. These changes will allow the scheme’s funding to go further, helping more people and businesses to switch to an electric vehicle. Motorcycles priced up to £10,000 (元e category) will receive £500 and mopeds (L1e) will get £150. There will be no changes for small or large trucks, which receive £16,000 and £25,000 respectively. Small vans will also receive £2,500, and large vans £5,000, with a per financial year limit of 1,000 grants per business to ensure that funding is spread fairly. Wheelchair accessible vehicles are being prioritised, with a higher grant of £2,500 for vehicles priced under £35,000. However, with demand so strong, it is right that we seek to focus the grants, which are funded by the taxpayer, on the areas where they will have the most impact and where the market still needs government support.įrom today, the government will provide grants of up to £1,500 for electric cars priced under £32,000, focusing on the more affordable vehicles and making best use of taxpayers’ money. Last year, the government announced a further £582 million to continue the plug-in grants until at least 2022 to 2023, and more money was allocated at the Spending Review in October. And almost 50% of mopeds sold in 2021 have been electric, with some models costing the same upfront as an internal combustion engine equivalent. Electric van uptake is also accelerating at pace, with grant orders up 250% this year compared with 2020. Over 150,000 zero emission cars have been sold so far this year, more than 1 in 10 of all new cars sold. The approach has worked – it has helped to kickstart a market that is now moving forward at pace.
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The government has invested over £1.5 billion since 2010, supporting nearly half a million vehicles. Plug in grant schemeįor over a decade, the plug-in vehicle grant scheme has helped to boost the uptake of zero and ultra low emission vehicles by offsetting their up-front cost, supporting our goal of eliminating tailpipe greenhouse gas emissions in our drive towards net zero, as well as removing air pollutants that harm human health.
Led moving sign for cars update#
I am making this statement to update the House on changes being made today to the government’s plug-in vehicle grant scheme as well as our plans to regulate to improve the experience for drivers charging electric vehicles.