What are the incentives for buying an electric car?

UK & Ireland are catching up on incentives to promote clean cars that’ll help them reach those stricter emission standards.

Charging schemes in UK

The UK government pledged a £540m sum to boost the industry of low emission vehicles. £400m of this amount is dedicated to improving charging infrastructure for electric vehicles.

  • Purchase grant: The Plug-In Car Grant covers 35% of the cost of a car (up to a maximum of £4,500 depending on the model) and 20% of the cost of a van, up to a maximum of £8,000. This is without doubt the important incentive for private vehicles in the UK. In some cases, it can reduce the total cost of electric vehicles below the cost of conventional cars!
  • Ownership tax: Fully-electric vehicles costing less than £40,000 are exempt from the annual road tax. (More details)
  • Company car tax: (Plug-in) electric vehicles emitting less than 50g/km of CO2 have their company car tax set at only 9% for 2017-18. 13% in 2018-19, and 16% in 2019-20. The tax on any diesel company car is 4-8% higher.

Living in the UK? If most public charging points are too far away - why not charge at home or at work? Get up to 75% off of the installation of your charging point at home or at the workplace with the OLEV grant. This equates up to £500 (incl. VAT) per household / eligible vehicle! Request a charging point here.

Charging schemes in Ireland

A new government funded support scheme has been introduced to assist homeowners install an electric vehicle charge point on their property. The existing free home charger scheme operated by ESB Ecars ends in 2017.

  • Purchase grant: Any private owner who buys an eligible EV in 2018 or later is eligible to apply for this grant. This new scheme will begin in 2018 and will provide a grant up to the value of €600 towards the purchase and installation of a home charger unit. The applicant must be the owner of an eligible new or second hand electric vehicle (EV).

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