The delivery window for the plug-in car grant has been extended due to delays in the delivery of new cars thanks to lobbying from the BVRLA
THE government has dropped the Plug-in Car Grant (PICG) from £2500 to £1500 as of 0700 today (15 December, 2021). The grant will now cover 35% of the purchase price. The change also lowers the qualifying cost of the grant from £35,000 to £32,000 of the recommended retail price inclusive of VAT and delivery fees. Plug-in Van Grant changed, too Not only…
THE Plug-in Car Grant, given a value shave and price cap on 18 March 2021, will gradually be remaindered. Current funding is planned to last until 2022-23. The information was relayed to a meeting organised by the National Franchised Dealers Association (13 May, 2021), when representatives from the Office for Zero Emission Vehicles – OZEV, previously known as OLEV – provided clarification…
THE government’s Plug-in Car Grant is changing effective today (18 March 2021). The changes are: Amount of grant is reduced from 35% of purchase price up to £3000 to 35% of purchase price up to £2500. Eligibility criteria of cars is changing from less than £50,000 to cars costing less than £35,000. The government says the changes will mean the funding can…
OVER the last few months, OLEV has seen a dramatic rise in the number of applications for the government’s Plug-in Car Grant (PICG). According to a BVRLA report, the demand is higher than expected and applications may take longer than expected. The BVRLA says that OLEV is working closely with the Vehicle Certification Agency (VCA) which checks and approves applications to the…
Plug-in Car Grant extended to 2022-23 Grant reduced to £3000 Cars above £50,000 excluded from grant Grant schemes continue to support vans (up to £8,000), large vans and trucks (up to £20,000), taxis (up to £7,500) and motorbikes (up to £1,500) THE government has extended the Plug-in Car Grant for electric vehicles in its Budget. However, the amount available has been reduced…
There were several areas where brokers will feel new Chancellor Rishi Sunak has helped the leasing broker industry. Plug-in Car Grant The PICG has been retained to at least 2022/23 to encourage the switch to zero emission cars. However, it has been cut to £3000. Ashley Barnett, head of fleet consultancy at Lex Autolease, said: “We welcome the government’s decision to keep…