December 21st, 2015 § Comments Off on UK to have Tighter rules for Plug-in Car Grant § permalink
The UK Government is to continue its Plug-in Car Grant, intended to encourage motorists to buy electric cars – but the criteria are being tightened up.
Introduced in 2011 and previously extended until February 2016, the scheme will now continue until at least the end of March 2018.
However the most an electric car buyer will be able to claim back will be £4,500, instead of £5,000 as currently.
Also from March 2016 grants will be made in two categories. Cars offering a zero-emissions range, effectively all-electric, of more than 70 miles will be known as Category 1 and qualify for the £4,500. The vast majority of today’s plug-in hybrids, however will qualify for Category 2 and 3, in which the grant will be worth only £2,500.
Also Category 2 or 3 vehicles retailing at more than £60,000 will not be eligible for any grant.
According to Government figures around 50,000 owners have claimed payments under the grant since it was introduced, with numbers growing – 29 ULEVs (Ultra Low Emission Vehicles) are now available on the UK market, some five times more than in 2011 when the grant was introduced.
“Extending the grant in a sustainable way ensures more than 100,000 people will benefit from financial support when purchasing these cheap-to-run and green cars,” Transport Minister Andrew Jones says.
“We are determined to keep Britain at the forefront of the technology, increasing our support for plug-in vehicles to £600 million over the next five years to cut emissions, create jobs and support our cutting-edge industries,” he adds.
The announcement is being welcomed by UK motor industry body the Society of Motor Manufacturers & Traders, CEO Mike Hawes saying the grant has helped Britain become the fastest-growing market for ultra-low emission vehicles in Europe.
“The recently agreed global climate change targets underscore the important contribution ultra-low emission vehicles make – and will continue to make – to reducing carbon emissions,” Hawes adds.
“Manufacturers are offering increasing numbers of these vehicles – but a consistently applied incentive regime is still needed over the coming years to help consumers adopt these ground-breaking technologies.”
Those who want to charge at home will still be supported, but with less money.
Those who want to charge at home will still be supported, but not to the same extent as previously.
Home charge grant cut
The Government has also said that it will continue to offer ULEV owners who want to install a home charging point a grant of up to £500 towards the cost. This is around half of the likely cost and down from the current £700 maximum grant, and has been criticised by David Martell, CEO of Chargemaster, the largest provider and operator of charging points in the UK.
“Reducing support for electric car owners to install a charger at home is premature and a step backwards for UK carbon reduction and the necessary push towards air quality improvement,” Mr Martell says.
“It means that many plug in hybrid vehicle drivers will simply not bother fitting a charger at home and run their cars on fossil fuel instead. To get the full benefit of owning an EV, a homecharger is vital.”
July 31st, 2015 § Comments Off on The UK’s cheapest electric car will cost less than £10,000 § permalink
Mahindra thinks it’s spotted a gap in the electric car market. The Indian manufacturer plans to return to the UK market with an all-electric car called the e2o, which will sell for less than £10,000.
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April 30th, 2014 § Comments Off on Why electric cars better catch on § permalink
Despite more funding, take up of electric vehicles remains low, so exactly why are the big car companies investing so much in this technology?
Owning an electric car is no longer a dream or an inconvenience. That was the line taken by Nick Clegg, the Deputy Prime Minister, as he today announced a £500 million scheme to accelerate the take-up of low-emission vehicles.
The figures aren’t quite so flattering. Yes, sales of electric and hybrid cars are growing, but from a very low base. By and large, consumers still feel happier with the added range and convenience of petrol and diesel engines, not to mention the lower purchase prices.
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April 22nd, 2014 § Comments Off on #ElectricCar buyers are younger and more Affluent than hybrid owners § permalink
While it might seem logical to expect the demographics for buyers of both electric and hybrid-powered cars to be similar, the former tend to skew considerably younger and more affluent than the latter according to a market analysis conducted by Experian Automotive in Schaumburg. Ill.
Based on calendar-year 2013 sales, the study found that 55 percent of electric vehicle buyers are between 36 and 55 years old and nearly 21 percent have an average household income of $175,000 or more. By comparison, 45 percent of those driving hybrid-powered models off the lot are 56 years old or older (compared to just 26 percent of new EV owners), with only 12 percent having an annual income of $175,000 or higher.
Among those who lease their cars, the average term length for an electric vehicle sits at 29 months with a $386 monthly payment, while the typical hybrid goes for 35 months with a more-affordable $263 payment. What’s more, nearly 44 percent of EV buyers indicate they have at least one child living at home, while nearly 52 percent of hybrid car purchasers are empty nesters.
These stats would more or less reinforce the popular wisdom that hybrids, which typically cost only nominally more than comparable conventionally powered models, appeal more to family minded penny-pinchers than do the pricier EVs, which pack more in the way of high-tech luster and are often purchased as rolling status symbols (they also require a certain infrastructure – i.e. a garage and/or easy access to an updated electrical system for charging – and because of their limited range are usually the second or third car in a family’s fleet). “At first glance, one would imagine that consumers purchasing either a hybrid or electric vehicle would be nearly identical, but our research shows that there are slight differences between the two,” says Melinda Zabritski, senior director for Experian Automotive. “One possible reason for the disparity could be the growing popularity of the higher-end luxury electric models available.”
This data also helps explain the raging success of the Tesla Model S sedan, which pushes six-figures in its top form, and could bode well for Cadillac with its new ELR plug-in coupe and other luxury automakers who are readying their own EVs for affluent environmentalists. » Read the rest of this entry «
February 20th, 2014 § Comments Off on UK: Half of Plug-in Car Grants unclaimed § permalink
Toyota Prius Plug-in Hybrid at recent launch of Go Ultra Low campaign
Recent sales figures of electric vehicles eligible for the Plug-in Car and Van Grants show that only around half of the Government budget is likely to be claimed.
Under the Plug-in Car and Van Grant scheme, which launched in 2011 and ends in March 2015, the Office of Low Emission Vehicles has projected that only £230 million will have been allocated; leaving £170 million of the £400 budgeted unclaimed.
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