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Plug-in Grant Update

TCH Leasing


At 07.00am on 15 December 2021, the Government announced an immediate change to the rates and eligibility criteria for the Plug-in Car Grant and the Plug-in Van Grant. These include:

  • The Plug-in Car Grant has been cut from £2,500 to £1,500 and now excludes models that cost more than £32,000.

  • The Plug-in Car Grant will remain at £2,500 – and £35,000 – for vehicles converted to wheelchair accessible (subject to limits).

  • The Plug-in Van Grant has been cut to a maximum of £2,500 for small vans (< 2.5 tonnes gross vehicle weight) and £5,000 for large vans (2.5t-3.5t GVW).

  • Each business, organisation or individual may receive up to 1,000 Plug-in Van Grants each financial year (1 April to 31 March). Limits apply to end customers and not to lease companies.

  • There are no changes to grant rates for vehicles over 3.5 tonnes.

  • The new terms apply from 07:00 today (Wednesday 15 December 2021). The portal has been suspended while these changes are made.

  • The guidance on the gov.uk website will be updated to reflect the new grant rates and eligibility criteria. A revised list of vehicles which are now eligible for the grants will be available after 12 noon today (15 December 2021) here.

In order to find out more about the update and how it will affect you, contact our team on 0845 408 2000 or click the button below




 

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Copyright © 2022 TCH Leasing. All Rights Reserved. Registered Office: T.C. Harrison 1960 Limited, Milford House, Mill Street, Bakewell, Derbyshire, DE45 1HH. Registration Number: 648847. VAT Registration Number: 172 5867 36. T. C. Harrison 1960 Limited, Milford House, Mill Street, Bakewell, Derbyshire, DE45 1HH acts as a credit broker in relation to financial products and not a lender. For customers requiring finance, we can introduce you to a small number of carefully selected credit providers who may be able to offer you different finance products to suit your needs, subject to assessment of your personal circumstances. You are not obliged to use these finance products which may have different interest rates and charges. A lender we introduce will typically provide us with a commission for the work that we do, which is agreed in advance and does not vary with the interest rate or the amount financed. Different lenders we work with may pay commission at different rates. We are only able to offer finance products from the providers we work with. T. C. Harrison 1960 Limited is authorised and regulated by the Financial Conduct Authority. FCA Reg. No. 664529.

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