The interest-free Electric Vehicle Loan, funded by Transport Scotland (an agency of the Scottish Government), currently offers drivers loans of:
The loan has a repayment term of up to six years. The purchased electric vehicle, motorcycle or scooter should be the only plug-in vehicle owned by the applicant and must be eligible for the plug-in car, motorcycle and van grants funded by the Office for Low Emission Vehicles (OLEV). Second hand vehicles are not eligible.
For more information about electric cars, to request an application form or to learn more about the full terms and conditions please call your local Home Energy Scotland advice centre free on 0808 808 2282.
Funding is currently available towards the cost of home charge points for electric vehicles from the Energy Saving Trust and the Office for Low Emission Vehicles (OLEV).
The typical cost for a home charge point and installation is approximately £1000. As part of its Electric Vehicle Homecharge scheme, OLEV currently offers applicants £500 towards this cost. EST will provide up to £500 further funding on top of this. For the cost covered by OLEV you will not need to make any payment to your supplier, as they will receive this money from OLEV directly. For the costs above what OLEV cover, you will have to pay your supplier and the Energy Saving Trust will then provide you with your (up to £500) reimbursement. Any remaining costs above the £500 provided by OLEV and the £500 provided by the Energy Saving Trust you would need to pay for yourself.
To read more and to apply click here