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Electric Cars

15/05/2013

Why you SHOULD consider investing in environmentally-friendly vehicles.

Are you toying with the idea of buying an electric car? If the answer is yes, then you’re not alone. According to a recent survey from RAC motoring service, almost a quarter of motorists would consider buying an electric car in the next five years. But are your financial woes preventing you from purchasing the car of the future? Again if the answer is yes - well you’re definitely not alone. Around a quarter of motorists are concerned about the high cost of environmentally-friendly cars.

Despite the extortionate prices of these motors, there is light at the end of the tunnel. Are you aware that there is funding to help you purchase an electric car? If the answer is no, don’t be embarrassed as you’re not in the minority. A whopping 75 per cent of motorists are unaware of the Government’s Plug-In Car grant scheme. The scheme is designed to help you with the cost of brand new plug-in hybrid, electric and hydrogen-fuelled cell cars. The scheme was launched in December 2010 – and as of March 2013, only 3,633 claims were made.

So you should really take advantage of this financial incentive. As long as you have a UK address, you can apply for a plug-in grant when purchasing for a low emission vehicle. The next big question is: how to make a claim? You’ll be pleased to know that there will be no head-banging application forms to fill out – the dealership will take care of that for you when purchasing the car. The amount of the grant is then deducted from the price of the car.

Suddenly the idea of getting an electric motor is looking increasingly attractive. Before you get excited, there is a small catch: take a look at the qualifying electric motors below and see whether that electric motor you had your eye on for a while is covered under the scheme.

At the moment, there are only 12 low emission cars that are eligible for grants up to £5,000. The vehicles that are eligible for the grant are:

Mitsubishi i-MiEV

Smart fortwo electric drive

Peugeot iOn

Citroen CZero

Nissan Leaf

Volvo V60

Toyota Prius Plug-in Hybrid

Vauxhall Ampera

Chevrolet Volt

Mia

Renault Fluence ZE

Renault Zoe.

Good news if you’re considering buying an electric van. Launched in February 2012, the Plug-In Van scheme provides grants up to £8,000. But there’s another small catch as there’s currently a very limited selection of electric vans that are covered under the scheme. Here are the seven qualifying electric vans:

BD Otomotiv Veicoli e Trafic van

Daimler Mercedes-Benz Vito E-Cell

Faam ECOMILE

Faam JOLLY 2000

Mia electric Mia U

Renault Kangoo Van ZE

Smith Electric Smith Edison Van

Does it still sound appealing? You have to get your skates on to make a claim, as the Plug-In car grant scheme is expected to last until March 2014. To find out more information about the Plug-In grant scheme, you can visit the GOV.UK website.

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