January 26th, 2016
A long-term extension to the UK Government’s Plug-in Car Grant (PiCG)was confirmed in December, guaranteeing it until the end of March 2018. The 400 million fund will benefit over 100,000 plug in motorists.
The Department for Transport has made some changes to the PiCG. The maximum available discount on the overall purchase price drops from £5,000 to £4,500, with a weighting towards pure electric cars.
The grant is now linked with the Office for Low Emission Vehicles’ vehicle categories released earlier this year.
On Tuesday 1st March, two different grant rates will be available, focusing on supporting those buying the greenest vehicles. Category 1 vehicles will benefit from the full £4,500 grant while Category 2 and 3 vehicles will receive £2,500. This sees a huge drop in support for the growing number of Plug In Hybrids now taking off in the UK.
A price cap will also be put in place to encourage everyday motorist’s uptake of plug-in cars. Category 2 and 3 models with a list price of more than £60,000 will not be eligible for the grant for the likes of the Porsche Panamera Hybrid S which will now go up by £5000.
So good news generally for further
commitment from the gove
rnment ending months of speculation of what would happen after Phase 1 of the OLEV fund ran out. Not so good however if your next car was going to be a plug in hybrid.
There is however a silver lining. Under current rules which don’t expire until 29th February all plug in hybrids that are under 75gm C02 KM and that have an electric range of 20 miles still qualifies for the full grant. There is then a nine month window for the dealer to deliver the car in that time.
The upshot is that if you are considering one of these this year you can order before March and still get the full grant. Ifyou wait until after 1st March though then you will be spending and extra £2500 for your car.
In leasing this means your average 6+23 2 year contract hire deal will go up by over £90+VAT per month!!
As experts in the running of these kind of cars please get in touch with any questions on living with these, adding them to your fleet, charging, company car tax questions or even if they won’t work for your fleet we can tell you completely impartially and independently. So get in touch now.
|Toyota||Prius Plug-In Hybrid||1.8 VVT-i CVT||E-CVT||49|
|Volkswagen||Golf 5 Door||1.4 TSI GTE DSG||6-speed Automatic||39|
|BMW||3 Series Saloon||330e SE Auto||Automatic||44|
|BMW||i3||Electric Car 127kW with Range Extender Auto||Automatic||13|
|BMW||3 Series Saloon||330e Sport Auto||Automatic||45|
|Mitsubishi||Outlander PHEV||2.0 GX3h Auto||Automatic||42|
|Mitsubishi||Outlander PHEV||2.0 GX3h+ Auto||Automatic||42|
|Volkswagen||Golf 5 Door||1.4 TSI GTE Nav DSG||6-speed Automatic||39|
|Audi||A3 Sportback e-tron||1.4 TFSI e-tron 150PS S Tronic||6-speed S Tronic||37|
|BMW||3 Series Saloon||330e Luxury Auto||Automatic||49|
|BMW||3 Series Saloon||330e M Sport Auto||Automatic||49|
|Mercedes-Benz||C-Class Saloon||C 350e PHEV Sport Auto||Automatic||48|
|Mitsubishi||Outlander PHEV||2.0 GX4h Auto||Automatic||42|
|Mercedes-Benz||C-Class Estate||C 350e PHEV Sport Auto||Automatic||49|
|Mercedes-Benz||C-Class Saloon||C 350e PHEV Sport Premium Auto||Automatic||48|
|Mitsubishi||Outlander PHEV||2.0 GX4hs Auto||Automatic||42|
|Mercedes-Benz||C-Class Saloon||C 350e PHEV Sport Premium Plus Auto||Automatic||48|
|Toyota||Prius New||1.8 VVT-i Active CVT||E-CVT||70|
|Mitsubishi||Outlander PHEV||2.0 GX5h Auto||Automatic||42|
|Toyota||Prius New||1.8 VVT-i Business Edition CVT||E-CVT||70|
|Mitsubishi||Outlander PHEV||2.0 GX5hs Auto||Automatic||42|
|Volvo||V60 Plug-In Hybrid||2.4 D6 SE Lux Nav AWD Geartronic||6-speed Geartronic||48|
|Volvo||V60 Plug-In Hybrid||2.4 D6 R-Design Lux Nav AWD Geartronic||6-speed Geartronic||48|
|Mercedes-Benz||C-Class Estate||C 350e PHEV Sport Premium Auto||Automatic||53|
|Mercedes-Benz||C-Class Estate||C 350e PHEV Sport Premium Plus Auto||Automatic||53|