Electric Vehicle Loan Scotland 2020

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.

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. 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. Up to 10 000 to cover the cost of purchasing a new electric motorcycle or scooter.

Interest free electric vehicle loan. Therefore to support drivers switching to an ev or hybrid the scottish government is offering interest free loans to help with the financing. 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. Up to 35 000 to cover the cost of purchasing a new pure electric vehicle.

Use many of scotland s network of public charge points for free. Bev europe fcev low carbon transport loan fund phev scotland subsidies used evs. Starting on 28 september the scottish low carbon transport loan will be extended to include coverage for used electric vehicles. It is hoped that the loan will help those who could previously not afford to purchase an electric vehicle.

The loan is up to 20 000 interest free over five years. The interest free electric vehicle loan funded by transport scotland an agency of the scottish government currently offers drivers in scotland loans of. Sep 14 2020 05 54 pm used evs to qualify for scottish transport loan. The loan is due to take effect from the end of september 2020.

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. So far the programme has provided over 85 million in. Scotland is giving out low carbon transport loans for used as well as new electric vehicles. The interest free electric vehicle loan funded by transport scotland an agency of the scottish government currently offers drivers loans of.

The low carbon transport scheme aims to encourage greener travel by helping more drivers make the switch to an electric vehicle.