Interest-Free Electric Vehicle Loan

The interest-free Electric Vehicle Loan, funded by Transport Scotland (an agency of the Scottish Government) and administered by Energy Saving Trust, was extended in September 2020 to offer loans to purchase used EV's.

The loan offers eligible drivers in Scotland an interest-free loan of up to £20,000 to cover the cost of purchasing a used electric car, or up to £5,000 for the purchase of a used electric motorcycle or moped. The loan has a repayment term of up to five years.

The maximum vehicle cost and loan available is capped at the amounts indicated above. Only used electric cars sold for £20,000 or under or used electric motorbikes and mopeds sold for £5,000 or under are eligible for the loan. Vehicles with a list price over the relevant cap are not eligible.

The Used Electric Vehicle Loan can be used for the purchase of a used electric car, motorcycle or moped by individuals in Scotland. The purchased vehicle must feature on the OLEV plugin grant list. Plug-in hybrid models are not eligible for funding. Current owners of electric vehicles are not eligible for this 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.

Domestic Charge Point Funding

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

Business Charge Point Funding

In order to support the uptake of electric vehicles across Scotland, Transport Scotland has made grant funding available to help organisations install electric vehicle (EV) charging infrastructure on their premises. Funding is currently available for charge points for sole use by occupiers, staff and visitors.

Please note that funding for charge points that are available 24/7 for use by the general public is currently closed. 

To find out more visit Energy Saving Trust

Ebike Loan

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.