Electric Vehicle Loan Scotland 2020

The interest free electric vehicle loan funded by transport scotland an agency of the scottish government currently offers drivers in scotland loans of.

Electric vehicle loan scotland 2020.

Sep 14 2020 05 54 pm used evs to qualify for scottish transport loan. Scotland is giving out low carbon transport loans for used as well as new electric vehicles. 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. It is hoped that the loan will help those who could previously not afford to purchase an electric vehicle.

Up to 35 000 to cover the cost of purchasing a new pure electric vehicle. 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. Up to 35 000 to cover the cost of purchasing a new pure electric. Bev europe fcev low carbon transport loan fund phev scotland subsidies used evs.

Interest free electric vehicle loan. Spend less time and money on servicing a car with fewer moving parts. 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. The interest free electric vehicle loan funded by transport scotland an agency of the scottish government currently offers drivers loans of.

Use many of scotland s network of public charge points for free. Therefore to support drivers switching to an ev or hybrid the scottish government is offering interest free loans to help with the financing. Starting on 28 september the scottish low carbon transport loan will be extended to include coverage for used electric vehicles. The loan is up to 20 000 interest free over five years.

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. The loan is due to take effect from the end of september 2020. 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. Up to 10 000 to cover the cost of purchasing a new electric motorcycle or scooter.

Up to 10 000 to cover the cost of purchasing a new electric motorcycle or moped the loan has a repayment term.