{"id":8197,"date":"2024-04-12T10:58:58","date_gmt":"2024-04-12T09:58:58","guid":{"rendered":"https:\/\/www.cars2buy.co.uk\/news\/?p=8197"},"modified":"2024-04-24T10:59:08","modified_gmt":"2024-04-24T09:59:08","slug":"electric-car-grants-uk-2024","status":"publish","type":"post","link":"https:\/\/www.cars2buy.co.uk\/news\/guides\/leasing\/electric-car-grants-uk-2024\/","title":{"rendered":"Is Time Running Out for Electric Car Grants in the UK?"},"content":{"rendered":"
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The UK grants for electric cars are always changing. Find out about the latest changes in our live-updating guide here.<\/p>\n<\/div>\n\n
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In this guide…<\/p>\n

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The UK\u2019s attitude towards introducing people to electric cars seems to have changed. As countries like France and Germany set substantial incentives for electric vehicles (EVs) with grants up to \u20ac10,000 (\u00a38,500) and \u20ac9,000 (\u00a37,700) respectively, the UK\u2019s approach seems to have lagged behind since the cessation of its original EV grant scheme in the summer of 2022. However, the landscape of electric car grants in the UK isn’t barren. There are other grants concerning electric cars available, including a charge point scheme that could cut your fuel costs by over \u00a3700 per year if you go from petrol to electric.<\/p>\n\n\n

What Electric Car Grants are Available in the UK in 2024?<\/h2>\n\n\n

The justification provided was the significant uptick in EV registrations and the narrowing price gap between electric vehicles and their petrol or diesel counterparts. In short, the government felt that the grant had served its purpose, but there are still many who are looking to make the switch. Although direct government subsidies have dwindled, the shift has paved the way for alternative incentives.<\/p>\n\n\n

What Other Options Are There to Save Money on EVs?<\/h2>\n\n\n

With the official grant scheme a thing of the past, the spotlight turns to private enterprises stepping up to encourage EV adoption. For instance, in 2023, Fiat introduced the Fiat E-Grant<\/a>, offering \u00a33,000 off the new Fiat 500e and 500e Convertible models. Such initiatives underscore the evolving nature of market-driven support for electric vehicles, often leading to competitive benefits for drivers.<\/p>\n\n\n

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Current Status of the Electric Vehicle Homecharge Scheme (EVHS)<\/h2>\n\n\n

The Electric Vehicle Homecharge Scheme, now rebranded as the EV Charge Point Grant<\/strong>, has expanded its reach. Originally exclusive to homeowners, the revamped grant now extends to tenants and flat owners, reflecting a broader commitment to accessible electric vehicle infrastructure. The convenience of home charging stations can’t be overstated\u2014they allow for overnight charging and provide the most straightforward way to manage an EV’s power needs.<\/p>\n\n\n\n

Eligible participants could see up to 75% of the installation costs of a smart charge point covered, with a cap of \u00a3350 for those with dedicated off-street parking. The process is streamlined, with installers claiming the government subsidy directly, leaving consumers to pay only the discounted rate. The financial benefits include savings of around \u00a3447 annually compared to public charging costs.<\/p>\n\n\n\n

Qualifying for the EV Charge Point Grant requires:<\/p>\n\n\n\n