What Is the Government Plug-In Car Grant & How To Benefit From It
Due to the growing popularity of electric vehicles, more and more people consider this a great investment. But, electric cars are not exactly affordable for everyone, which is where the Government comes in.
What is the UK Plug-in car grant? The Electric car Government grant puts some money towards purchasing these zero-emissions vehicles, creating an incentive for more people to buy.
People who want to own an electric vehicle can get the grant (PiCG). Gradually, motorists drop the use of ordinary fuel and gas engine vehicles to use electric cars. If you are wondering if switching to electric transportations is beneficial, it is. These types of vehicles:
- Are easy to manage
- They produce fewer toxins in the environment
- Use a renewable source of energy
How Does the Grant Work?
The Government takes time to sort out the different vehicles according to how much carbon dioxide they emit and how far they can travel without emitting the gas. These vehicles undergo sorting into different categories of groups.
The Office administers the grant for Low Emission Vehicles. They decide which car should acquire the funding based on emissions and factors such as safety, top speed, and warranty.
In recent times, the grant covers up to 35% of the car's purchase price; this is approximately 2500 pounds if the price is below 35,000 pounds. For your vehicle to be eligible for the grant, its CO2 emission should be less than 50g/km, and it should be able to travel 70 miles without releasing any emissions. Most importantly, it must be on the OLEV's approved list.
Does Your Car Qualify for the PiCG?
If you are thinking of getting an electric vehicle, you should research to find out its fit for the PiCG. How do you know this? First, you need to know in which category it falls according to the types of emissions.
These categories include:
- Category 1: This type of vehicle cover a range of 70 miles with no emissions; the average CO2 emissions is a figure less than 50g/km
- Category 2: These vehicles have a range of approximately 10 miles, and the CO2 emissions figure is less than 50g/km
- Category 3: The vehicles cover up to 20 miles with zero emissions. The estimated figure of C02 emitted is between 50-75g/km.
If your car fits in the first category, and it goes for less than 35,000 pounds, you are fit to benefit from the PiCG. You will be granted 35% of the value, up to approximately 2,500 pounds. Ultimately, a low emission plug in car grant eligibility.
On the other hand, previously, vehicles that fall in categories 2 and 3 used to fit for a reduction of 35% if they cost less than 60,000 pounds. But, unfortunately, these vehicles are no longer eligible for the Plug-in Car Grant.
How To Check If Your Car Qualifies for the Grant
After checking the category of your car according to the emissions, you still need to look at the manufacturer's website to see the pricing of your vehicle. Even though previously, your vehicle may have gone for less than 35,000 pounds, this information is bound to change. So, ensure you research to find the updated price list of your vehicle.
There are also lists of eligible vehicles for the grant, For example, the Honda e, Mazda MX-30, and MG 5. It would be best if you carried out plenty of research beforehand.
How To Apply for the Grant
The good news is, you do not need to undergo all the stress in applying for the grant yourself. This reason is mainly that the car dealer handles all the paperwork. In addition, the Plug-in Car Grant is already part of the car's price when they initially buy it.
You might be wondering how this concept works. The car manufacturers deduct the grant from the car's price list, and the merchant handles the rest of the business. You might need to sign some paperwork, but you won't have to hustle to apply for the grant. All you have to do is research the car that suits you and talk to the dealer.
Here at Drive Vauxhall all our information is online readily available for you to make the whole process easier, or you can contact your nearest dealership directly. We are located across England & offer the best deals for both new vehicles and used vehicles and much more.
The History of the PiCG
Initially, the UK Plug-in Car Grant offered subsidies on various plug-in hybrid electric vehicles and electric vehicles. However, the grant for PHEVs is no longer available, while the maximum funding for electric cars is 2500 pounds.
The Government set the grant to come to an end in March 2020. Still, after car companies put up significant pressure, the Government announced that the duration was extended to the 2022-23 financial year, accompanied by some cutbacks.
The Plug-in Grant scheme has been there since the year 2011. However, with the introduction of alternatively-fuelled vehicles, the Government adjusted the PiCG in 2016, 2018, and 2020 to refocus the funding on more environmentally-friendly models.
In 2016, if you had bought an eligible car, the Government stepped in and paid 5,000 pounds towards its list price. Afterwards, the price was lower for the PHEVs, and the electric vehicles received a maximum discount of 4,500 pounds. In addition, the plug-in hybrids received a grant of 2,500 pounds off their listed price.
In 2018, the grant for electric vehicles was changed to 3,500 pounds, removing the plug-in hybrid cars from the list. Additionally, there was a decision that only the new EVs going for less than 50,000 pounds were eligible for the grant.
Later on, in March 2021, the Government reduced the grant to 2,500 pounds for cars costing up to 35,000 pounds.
The Benefits of the Grant
The grant allows you to own an electric vehicle inexpensively. If you are thinking of buying an electric vehicle, visit your car dealer, and they will further entice you that it is the best decision.
Furthermore, owning an electric vehicle has more benefits. Keep reading to learn more about the advantages of owning an electric car rather than the ordinary one.
They Are Environment Friendly
In terms of producing noise, these machines produce little to none. You can cruise around the neighbourhood without having to disturb the people living closest to your property. If you live in the city, you are probably used to the annoying sounds every day; well, electric vehicles would be perfect for you.
Furthermore, electric vehicles do not use diesel or petrol. Instead, they are powered using electronic systems. You will have to find a charging station, or you can build one at your home, and you are good to go. Like regular cars, these vehicles can last for a considerable amount of time on the road without breaking down.
You already know that the chemicals produced in the air can result in fatal outcomes. So, why not choose the better option: electric vehicles.
They Are Becoming Affordable
Since your vehicle does not need a regular oil change, you can forget these costs. Also, the parts used to make this kind of car are proven to be of great quality. So, purchasing an electric vehicle will lead to fewer replacements.
There are a variety of electric vehicles in the market. You can pick the one you like, and with the Government grant, you can easily afford it.
Due to the technology change, many people are starting to embrace easier ways of getting things done. For example, if you want to get your clothes clean in no time, you can use the washing machines and the dryer.
The same concept applies to moving from one place to another. You can use a taxi, but it may become expensive with time, forcing you to opt for an easier option; buying your vehicle.
As you buy your vehicle, remember a few factors to keep in mind—for example, the pricing and the car qualities. You should not be scared of going for an electric vehicle because of the price. The Government grant acts as a helping hand to help you afford your dream car.
Even though buying an electric vehicle comes with plenty of advantages, there are a few disadvantages. For example, electric cars cover a shorter range compared to ordinary ones.
Another disadvantage is that charging an electric vehicle can take up a significant amount of time. Other cars are estimated to take up to eight hours to charge fully. So if you do not have a second alternative to move around, this can turn out to not be easy and may inconvenience you.
Regrettably, if you fail to charge your vehicle on time, you will have to resolve to go to a charging station. Unfortunately, charging stations may not be conveniently available, especially if you live in an area that is yet to embrace the idea of electric vehicles.
Ultimately, electric vehicles are great, and if you are thinking of getting one, you should go for it. However, just like everything you wish to achieve, buying an electric car may require you to put in the effort to acquire one.