Electric Vehicle Loan Scotland 2020

Interest free electric vehicle loan.

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

Up to 10 000 to cover the cost of purchasing a new electric motorcycle or moped the loan has a repayment term. The low carbon transport scheme aims to encourage greener travel by helping more drivers make the switch to an electric vehicle. Scotland is giving out low carbon transport loans for used as well as new electric vehicles. So far the programme has provided over 85 million in.

The interest free electric vehicle loan funded by transport scotland an agency of the scottish government currently offers drivers in scotland loans of. Use many of scotland s network of public charge points for free. Spend less time and money on servicing a car with fewer moving parts. Up to 35 000 to cover the cost of purchasing a new pure electric.

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. Starting on 28 september the scottish low carbon transport loan will be extended to include coverage for used electric vehicles. Sep 14 2020 05 54 pm used evs to qualify for scottish transport loan. Up to 10 000 to cover the cost of purchasing a new electric motorcycle or scooter.

The loan is due to take effect from the end of september 2020. It is hoped that the loan will help those who could previously not afford to purchase an electric vehicle. Therefore to support drivers switching to an ev or hybrid the scottish government is offering interest free loans to help with the financing. 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 interest free electric vehicle loan funded by transport scotland an agency of the scottish government currently offers drivers loans of.