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. This means that cars with a purchase value above £50,000 and plug in hybrid models are not eligible for the loan.
For more information about electric cars, what cars are eligible, 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 £350 towards this cost. EST will provide up to £300 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 Energy Saving Trust will then provide you with your reimbursement. Any remaining costs above the £350 provided by OLEV and the funding provided by Energy Saving Trust you would need to pay for yourself.
To read more and to apply click here
An interest-free loan to purchase an ebike is available in Scotland through Energy Saving Trust. This scheme is funded by Transport Scotland (an agency of the Scottish Government).
The ebike loan is available for up to £6,000 per household
For more details, terms and conditions and application form contact Home Energy Scotland free on 0808 808 2282. Free home trials also available.