Electric Vehicle Loan Scotland 2020

Bev europe fcev low carbon transport loan fund phev scotland subsidies used evs.

Electric vehicle loan scotland 2020. The low carbon transport scheme aims to encourage greener travel by helping more drivers make the switch to an electric vehicle. Use many of scotland s network of public charge points for free. To date the scottish government s low carbon transport loan has provided over 85m in interest free loans to help people purchase a new ev. The loan is due to take effect from the end of september 2020.

The interest free electric vehicle loan funded by transport scotland an agency of the scottish government currently offers drivers in scotland loans of. Spend less time and money on servicing a car with fewer moving parts. Starting on 28 september the scottish low carbon transport loan will be extended to include coverage for used electric vehicles. The scottish government has pledged to phase out new petrol and diesel cars and vans by 2032 and introduce low emission zones in scotland s four largest cities by 2020.

Therefore to support drivers switching to an ev or hybrid the scottish government is offering interest free loans to help with the financing. So far the programme has provided over 85 million in. Up to 10 000 to cover the cost of purchasing a new electric motorcycle or moped the loan has a repayment term. In an announcement made today september 14 the government has said they will now extend the loan allowing businesses or individuals to also use the funding to purchase a used electric vehicle.

Interest free electric vehicle loan. The loan is up to 20 000 interest free over five years. Scotland has now revealed it will offer locals a loan of up to 20 000 25 830 interest free over a five year period to cover the costs of a used electric vehicle. It is hoped that the loan will help those who could previously not afford to purchase an electric vehicle.

Get from a to b for as little as 2 3p per mile in an electric vehicle rather than 12 15p per mile for a petrol or diesel car zero vehicle excise duty for electric vehicles costing less than 40 000 new. Scotland is giving out low carbon transport loans for used as well as new electric vehicles. Up to 10 000 to cover the cost of purchasing a new electric motorcycle or scooter. Sep 14 2020 05 54 pm used evs to qualify for scottish transport loan.

Up to 35 000 to cover the cost of purchasing a new pure electric.