Today’s (11 March 2020) budget has announced that government is providing £532 million as consumer incentives for ultra-low emission vehicles. As part of that:
- UK Government will provide £403 million for the plug-in car grant (PICG), extending it to 2022-23
- Because the UK market for other ultra-low emission vehicles is still in its infancy, the government will also provide £129.5 million to extend the plug-in grants for vans, taxis and motorcycles to 2022-23
Plug in car grant
Beginning on Thursday 12 March (2020), those making the switch to electric cars will be eligible for a grant of up to £3,000. When the uptake of zero-emission cars increases, a small reduction to the grant, as well as excluding cars costing £50,000 or more will allow more drivers to benefit from making the switch for longer. These changes will come into effect on orders placed on the portal after 11:59pm on 11 March. The UK Government will continue to keep the rate of the grant under review.