To give visibility to fleets they have undertaken to hold at 2% until 24/25 - but a change wouldn't surprise me, gov love to move the goalposts.
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Higher value EVs not eligible for £3,000 PiCG (grant) anymore!
- Thread starter kelvin 660
- Start date
The GOV.UK page suggests that there are 50% more EVs now that are sub-£35k than there were in 2019. I don't know how true that is.
I just had a quick look on the BMW configurator for my last car (Evezy i3 120Ah) and it starts at £36,575 - so that's out unless BMW reduce the price. As @pdk42 said the VW ID3 is out too.
Perhaps the grant really is intended to be for people replacing runabout cars only.
Strange how this wasn't mentioned at all in the budget, just announced and effective immediately.
I understand the politics here - but the greenwashed justification in the press release is laughable. UK government has frozen petrol/diesel duties for 11 years, which is a huge effective subsidy to the fossil fuel industry.
Strange indeed. Almost though they recognised it would be a monumental moment of hypocrisy to announce *another* fuel duty freeze and this at the same time, while trumpeting their green credentials.
As far as I am aware, the EV plug-in car grant is there to encourage the adoption of EVs. That's it. The irony of this is that larger, more expensive cars are the ones that are more polluting, so for example your average e-tron/ipace driver would, in theory, be a better target for a subsidy to sway them away from buying a Q7/X5 type vehicle.
What Hyundai is this?UK grant removed! That’s me out. I can’t justify nearly £50k for a Hyundai, regardless how cool it is. I will be declining the project 45 order. Will stick with my M3
Plug-in car, van and truck grant to be targeted at more affordable models to allow more people to make the switch
As more people than ever opt for electric vehicles, the government announces changes to the plug-in car, van and truck grant.www.gov.uk
Effective policy would be to use the stick (higher fuel duty) and carrot (PICG and low BIK). - if they really want to incentivise the switch to EV's
But effective and government - those two words don't go together
That argument presupposes that at that end of the market the decision comes down to cost. I'd argue the more you're spending the more you're probably looking at the brand's aspirational qualities, "keeping up with the Joneses", etc with the price being a case of "it is what it is". If you're spending that much - cash or lease/PCP - then the grant is probably neither here nor there, and is a bonus if you get it.
I guess what I'm saying is - if you were inclined to buy an e-tron/ipace, a Tesla, or even a Q7/X5 then there's probably a significant aspect of that purchasing decision based on the brand, and you were always going to buy whichever one you have an affinity for - grant or no grant.
There is arguably collateral damage in so much as longer range cars tend to be more expensive, and if you need the range you need the range. As it is though - the prices of SR+ and LR are unchanged, so Tesla is essentially absorbing the £3,000 hit from the loss of the grant they would have claimed before today. People ordering now aren't going to be paying any more for a Tesla, from what I can tell.
My guess is that all this boils down to "We are out of cash, lets remove something that we wont lose too many votes over"
MrBadger
Badger out
Backlash grows against cut to electric car grants
A government decision to reduce subsidies is criticised by the motor industry and UK businesses.
www.bbc.co.uk
Jason71
Well-Known Member
I think it may be time to drop it for company car purchases. the incentives for company car drivers in reduced company car tax alone can be over £6000 per year compared with an ICE so I doubt the loss of the grant is going to influence the purchase. and if it pushes a Tesla out of budget they will get something else instead.
Envchem
Member
That the government is out of cash is clear. Debt is now around £2.11 trillion, up £316 billion in the last year. This debt has to be paid back sometime and it will take decades. Luckily interest on government debt is currently very low but that could change.
While encouraging people to adopt EVs is obviously good, I really don’t see how in the current circumstances we can justify giving grants to enable people to buy expensive cars, and over £35k is pretty expensive. Are grants for EVs a higher priority than the NHS, affordable housing, education, or even police or defence?
And where does the money come from? As the wonderful Margaret Thatcher used tos say, “There’s no such thing as public money - only tax payer’s money”.
I placed my order M3 SR+ last night (few mins to go to 12 midnight) and this morning called Tesla to ask if my order is still eligible for grant or not. The representative on the said it IS still, as the order was placed before 12 am!!! Is anyone in the same boat as mine?
Tesla have absorbed the loss of the grant on SR+ and LR from what I can see. In that respect, for Teslas at least, it doesn't matter when you ordered.
In other words - the price you had to pay was £40,490 (SR+) and £46,990 (LR) yesterday, and it's the same today.
In other words - the price you had to pay was £40,490 (SR+) and £46,990 (LR) yesterday, and it's the same today.
Mperkins28
Member
Depends on how you look at it. As someone that was looking to replace my current diesel leased motor at the end of year, I was literally at the limit of affordability for the M3 SR+, so the grant just made it achievable. Sadly, now it might be back to the drawing board unless Tesla drop the price.
I wonder how long the grants for home chargers will last now too?
I wonder how long the grants for home chargers will last now too?
No actually, the rep on the call said their IT team was on it to update the prices. So any new orders placed today will get updated email saying their prices has increased. At least this is what I was told from the rep on the call.
OLEV grant was always a scam, imo, and remains so.
"OLEV approved" installers are aware of it, so they can just massage the quote they give you to absorb the grant, so you aren't actually any better off.
There might be some genuine ones out there, but given that it's free money to them - I'm not convinced.
