Electric vehicle grant in Scotland
If you are based in Scotland and you are thinking of purchasing an electric car in the near future, you’ll be pleased to know that there are some benefits available to you, helping you transition to an Electric Vehicle (EV) easily and swiftly.
Electric Vehicle Loan for Scotland residents
As a resident of Scotland, the current electric vehicle loan, which is funded by Transport Scotland, allows you to borrow up to £28,000 to cover the cost of a brand new pure electric car or van.
You then have 6 years to pay back the borrowed funds, which are interest free, meaning you can take advantage of affordable monthly repayments.
In order to be applicable for the loan, you must be a resident of Scotland and purchase a car from the zero emissions list as outlined by gov.co.uk.
Zero-emissions electric vehicles available for the grant
- Mazda MX-30
- Peugeot e-208
- Peugeot e-Partner
- Peugeot e-Boxer
- Peugeot e-Expert
- Toyota Proace City Electric
There are certain limitations to these grants, including only giving a certain number of grants out during any period to grants covering a percentage of the purchase price.
- The car must be a full electric car, not a plug-in hybrid
- You must also not currently own a full electric vehicle
- You must purchase the vehicle from a dealership, rather than private trade
Used Electric Vehicle loan for Scotland residents
The Used Electric Vehicle loan was introduced in September 2020 as an extension of the Low Carbon Transport Loan.
This means that drivers in Scotland can now take advantage of an interest-free loan towards a quality used electric vehicle that is sold for up to £20,000. Similar to the Electric Vehicle Loan, the car must be on the approved list of zero emission vehicles.
Electric charge point funding in Scotland
Another consideration of buying an electric vehicle is the associated ancillary costs such as having a charge point installed at your home address. There are grants available towards the cost of the installation of a home charge point, meaning you can claim £250 towards the cost of the charge point, and a further £100 if you live in a remote area of Scotland.
Electric charge points aren’t the same conventional 3-point plug, so you will need a dedicated vehicle charge point installing if you want to charge your vehicle from the comfort of your own home.
Having a charge point installed at your home, you can take advantage of overnight charging when electricity is cheaper.
Funding is limited, so it’s recommended you apply early to avoid disappointment. You will need a quote from an OZEV accredited supplier before you apply.
If you don’t want a home charging point installing at your home address, you can still use public charge points, either at a workplace or a service station.
You can apply for any of the electric vehicle loans if you are a resident of Scotland, either by telephone or email.
If you have any questions about electric vehicles, speak to the friendly team here at Struans who would be happy to help.