Plug-in and Still Save until 2018!
The New Year is almost upon us – will you be turning over a new, greener leaf?
If so then there is good news! The government have announced that the plug in car grant scheme will be extended until 2018, keeping an ultra-low emissions vehicle an affordable choice.
Currently consumers can enjoy £5000 off the price of any car that qualifies as ultra-low emission. This includes any vehicle that has CO2 emissions of 75g/km or below. So any pure battery vehicle is included as well as any hybrid with a plug in.
The scheme also currently includes a grant of £700 towards the cost of getting a charging point installed at home. The average price for having a home charging point fitted is around £1,400.
Sadly, this scheme will end in February 2016. But don’t worry if you are thinking of an ultra-low emissions vehicle for your next choice - a new scheme will begin in 1st March 2016. The new scheme offers slightly less to consumers and has categorised vehicles so those with zero emissions receive the highest amount of grant money.
The categories have been arranged as follows;
- Zero emission cars with a range of more than 70 miles will receive the maximum grant of £4,500.
- If a car produces CO2 emissions of 50g/km or under and has a zero emissions range between 10-69 miles it will qualify for a grant up to £2,500.
- In the last category are cars that produce between 50 +75g/km and have a zero emissions range of at least 20 miles These vehicles will also receive a grant of £2,500.
The grant for installing a charging point at home will be reduced to £500 under the new scheme. There is also an extra condition for vehicles in category 2 and 3. There is a £60,000 cap on the price of the vehicle that will be eligible, any vehicles over £60,000 will not be eligible for the grant.
Although electric vehicles still make up a small percentage of cars on the road, it is a rapidly growing market. More manufacturers are releasing their own electric and hybrid vehicles. There are now 20 choices of electric/hybrid vehicles compared to only 6 in 2011.
From January to June this year there were nearly 12,000 ultra low emissions vehicles registered compared to only 2,838 for the same time period in 2014. The surge in sales has been attributed to a wider range of hybrid plug ins. Drivers are confident they can switch to their petrol or diesel engine should the battery run out of charge, alleviating and range worries and also helping to protect the environment and keep running costs low.
So which ultra-low emissions vehicles have proved the most popular so far this year?
Here are the best-sellers in the UK so ar in 2015;
1.Mitsubishi Outlander PHEV – The Outlander PHEV is the first ever plug-in hybrid SUV and can achieve 156 mpg.
2.Nissan Leaf – the Nissan Leaf is a pure electric car, the Nissan LEAF 30 kWh has a range of 155 miles meaning you could be travelling for as little as 2p per mile.
3.BMW I8 – Is the sports car with a difference. It is a hybrid of an electric power and a petrol engine. It achieves 0-62 in just 4.4 seconds and has a top speed of 155 mph. A really popular choice for those who want a hybrid without compromising performance!
Are you tempted to go green in 2016?
The comments above do not necessarily reflect Rivervale's views unless clearly stated.
30 December 2015
Written by Natalie Faughy