Drivers could save thousands with electric vehicle grants – ‘good time to buy’

Vauxhall set to build new electric vans at Ellesmere Port

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With the incoming ban on the sale of new petrol and diesel cars in 2030, the UK Government is pushing for a shift to electric. The sales of electric cars in recent months and years continues to increase as more people become concerned about their carbon emissions output.

Those who are considering buying a new electric car may be eligible to receive up to £2,500 off the price of the vehicle.

This grant is provided by the Government in partnership with vehicle dealerships and manufactures designed at making EVs an attractive option for those looking to invest in a new car.

Broken down, this grant equates to 20 percent of the purchase price of the vehicle, and drivers don’t need to do anything – the discount is automatically applied.

There are conditions that have to be met, including the total cost must be under £35,000 and the vehicle must be capable of driving for at least 70 miles on electric power only.

Recent figures have also shown that the popularity of used cars is also on the increase.

These cars will typically only be a few years old, meaning they will often still be within the manufacturer’s warranty period.

Supply chain disruption means it may be more difficult to get hold of a new EV, with drivers being able to drive away the used EV the same day.

Tom Church, co-founder of money-saving community, spoke of a shift in buying intentions when it comes to electric vehicles.

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He said: “It’s clear that increasing numbers of drivers are being sold on the idea of going electric, and the petrol crisis has likely accelerated this pattern.

“However, it’s important not to rush into your purchase simply because petrol is currently hard to get hold of.

“Now is a good time to consider which type of electric car to buy, especially as there are so many money-saving incentives.

“Before you make the plunge, ensure you’ve done your research about the grants and resources that are available.”

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