In March 2021, the UK Government made changes to the grants that they provide to customers that will help them buy electric vehicles (EV).
Join us as we look at these changes and how they may affect customers.
A reduction in grant size for electric vehicles
The grant offered to people to buy an electric vehicle was reduced from £3,000 to £2,500 on 12 March 2021.
The grant will only be offered on electric vehicles that cost under £35,000, with the logic that people buying more expensive cars will not need this grant.
Many organisations have criticised the reduction in the grant, however, the Government has argued that this will allow funding to go further.
The grant has gradually got smaller since it was launched in 2011. When it first launched it was worth £5,000.
Changes to the Electric Vehicle Homecharge Scheme (EVHS)
The EVHS scheme provides funding that enables homeowners to install charging points.
The current EVHS scheme will run until 31 March 2022.
After this time, the scheme will start to focus on rental and leasehold properties. This will ensure that tenants will have access to charging points and give landlords assistance to install them.
The Government is creating a digital platform to help make the process easier for landlords and tenants. This is expected to launch in autumn 2021.
Find out more about the grants available
You can claim grants for electric vehicle charging points. These are available for both domestic and commercial installs.