Everything you need to know about the changes to the Plug-In Car Grant.
The PiCG, introduced in 2011, is intended to encourage the adoption of electric cars over petrol or diesel in an effort to reduce emissions and pollution. Coupled with higher car tax for diesel cars, the PiCG is aiming to help with the reduction in C02 emissions in the UK by making it easier for buyers to purchase low-emissions cars.
Last month the Government announced significant changes to the Plug-In Car Grant (PiCG) rates and eligibility criteria. As of 18th March, the Grant now only applies to vehicles that have a retail price (including VAT and delivery charges) of £35,000 or less whereas it was previously £50,000. This means that cars over £35,000 will no longer qualify for the PiCG Grant and the Grant itself has been reduced from £3,000 to £2,500.
With these new criteria, eligible cars must have C02 emissions of less than 50g/km and have the capability of travelling 70 miles without emitting any C02. Cars must also be on the Office of Low Emission Vehicles (OLEV)’s approved list - they decide which cars are eligible for the Grant. It’s worth noting that the PiCG only applies to new purchases and cannot be used to purchase used cars.
So, how do you know if the new car you have your eye on is eligible for the PiGC? We’ve put together this handy list so you can be sure before you buy:
• Citroen ë-C4 – Sense Plus
• Citroen ë-C4 – Shine
• DS 3 Crossback E-Tense – Prestige
• DS 3 Crossback E-Tense – Performance Line
• Honda E
• Hyundai Ioniq Electric – Premium
• Hyundai Kona Electric (39kWh) – SE Connect
• Hyundai Kona Electric (39kWh) – Premium
• Kia e-Niro (39kWh) - 2
• Mazda MX-30
• MG MG5 EV
• MG ZS EV
• Mini Electric – Level 1
• Mini Electric – Level 2
• Mini Electric – Level 3
• Nissan e-NV200 (5 seater) – Visia
• Nissan e-NV200 (7 seater) – Visia
• Nissan Leaf (40kWh) – Acenta
• Nissan Leaf (40kWh) – N-Connecta
• Nissan Leaf (40kWh) – Tekna
• Peugeot e-208 • Peugeot e-2008 – Active Premium
• Peugeot e-2008 – Allure
• Renault Zoe
• SEAT Mii electric
• Skoda Citigo-e iV
• Skoda Enyaq iV 60 Nav – Loft
• Skoda Enyaq iV 60 Nav – Lodge
• Smart EQ ForTwo
• Smart EQ ForFour
• Vauxhall Corsa-e
• Vauxhall Mokka-e – SE Nav Premium
• Volkswagen e-Golf
• Volkswagen e-Up
• Volkswagen ID.3 Pro (58kWh 145PS) – Life
• Volkswagen ID.3 Pro Performance (58kWh 204PS) – Life
If you’re wondering if you can benefit from the PiCG when leasing a car, the short answer is yes. The Grant goes to whoever buys the car, so put simply your finance company who purchase the car to lease to you will benefit from the Grant and in turn the amount you pay per month should be lower.
Whether you decide to buy or lease to take advantage of the PiCG, you need not worry about how to claim it. Your dealer will complete all the paperwork for you and the sum of the grant will be taken off the car’s price when you purchase or the repayments if you are leasing.
Want to find out more
At 360 Autoleasing we are experienced in all types of car finance (including PCP, HP, Finance Lease and Outright Purchase). If you are considering making your next car electric, speak to one of our friendly advisors who will be able to talk you through the best options for you.
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