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The Government is offering a selection of grants making it more affordable for you to own an electric vehicle. These grants not only support the cost of purchase, but can also help you save money when choosing to install a charging station at your home or place of work.
The Office for Low Emission Vehicles (OLEV) offers a Plug-In vehicle grant to encourage more of us to switch to electric driving, of up to £2,500.* Even better, we will do all the paperwork for you.
Electric vehicle chargepoint grantPeople living in flats or rental accommodation are eligible for an electric vehicle chargepoint grant that covers either £350 or 75% off the cost to buy and install a socket, whichever amount is lower. The full terms and conditions are available on the GOV.UK. website.
Landlords will also be able to apply for the funding to install charging bays at their properties.If you have a qualifying electric vehicle and off-street parking, the grant will be claimed on your behalf by an authorised Office for Zero Emissions Vehicles (OZEV) installer.
Charging at workIf you want to encourage employees to make the switch to electric, the Government will support £350 of the installation cost for every charge point you install (maximum of 40 chargepoints). What's more, electric drivers won't incur any Benefit in Kind charges for electricity used at work.
Cars that are zero-emission, or were registered before 1st April 2017 and emit less than 100g/km of CO2, are exempt from paying Vehicle Excise Duty (VED). Commonly known as the car tax, all drivers who use regular petrol or diesel cars are required to pay. One more way going electric saves you money.
Congestion charge exemption
If you drive into London regularly, you'll know that the congestion charge can add significantly to your costs. Because both the ŠKODA SUPERB iV and the ŠKODA CITIGOe iV emit less than 75g/km of CO2 they are exempt from the charge.
Other incentives
There are local councils up and down the country that offer incentives for electric vehicle owners, eg reduced cost parking permits & free parking at shopping centres and train stations. Offer vary depending on the council, so contact your local authority to find out more.
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Furrows Limited are a credit broker and not a lender. We are Authorised and Regulated by the Financial Conduct Authority. FRN 688547. We can introduce you to a selected panel of lenders, which include manufacturer lenders linked directly to the franchises that we represent. We act as an Agent for the Lenders and we would introduce you firstly to the manufacturer lender linked directly to the particular franchise who are usually able to offer the best available package to suit your needs. If they are unable to make you an offer of finance, we then seek to introduce you to the next best offer of finance from another lender on our panel. When you enter into a finance agreement with them, they will pay us a commission which can be either a percentage of the amount borrowed or a fixed documentation fee. Should you be accepted for credit, this commission amount will be detailed on your paperwork, before executing the contract, allowing you to understand the commission arrangement with the Lender. Our aim is to secure the best deal for you with your eligibility. All finance applications are subject to status. Furrows Limited are appointed representatives of Assurity Solutions Limited. This company is authorised and regulated by the Financial Conduct Authority, with FCA authorisation number 517510. Permitted activities include advising on and arranging general insurance contracts. Full FCA Statement can be found here
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