Electric Vehicle Interest Free Loan
Although an EV offers the owner significantly lower running costs there is a slightly higher initial cost for these cars. Therefore, to support drivers switching to an EV or hybrid, the Scottish Government is offering interest free loans to help with the financing. The loan works as follows:
Loans of up to £10,000 to cover the cost of purchasing a new electric motorcycle or scooter.
Repaid over a period of up to six years.
Second hand vehicles are not eligible.
The purchased electric motorcycle or scooter must be eligible for the ‘plug-in car, motorcycle grant funded by the Office of Low Emission Vehicles (OLEV).
The applicant must not currently own an electric or plug-in hybrid vehicle.
Applications should be completed and received by Energy Saving Trust
by the beginning of March 2018.
For more information, to request an application form or learn more about the full terms and conditions please call the Home Energy Scotland advice centre free on 0808 808 2282.
This loan is in addition to the UK Government’s Plug-in Vehicle Grant…
Home Charge point Funding
A charge point at your home is one of the major benefits of owning an Electric Vehicle. When you get home you can just plug-in your car and leave it to charge until you need to head out in your car again. It’s very convenient.
Funding is available to cover part of the cost of installing a home charge point for your electric vehicle via the Electric Vehicle Home charge Scheme and Energy Saving Trust. Find details on this via the Energy Saving Trust website or you can contact them on 0131 555 9170 or ElectricVehiclesScotland@est.org.uk