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Electric Vehicle Loan

Thinking about purchasing an electric car or van?  The interest free Electric Vehicle Loan, funded by Transport Scotland (an agency of the Scottish Government), currently offers drivers in Scotland loans of up to £35,000 to cover the cost of purchasing a new plug-in electric vehicle.  

The loan can cover the cost of both pure electric and plug-in hybrid vehicles and can be repaid over a period of up to six years. Second hand vehicles are not eligible.  The purchased vehicle should be the only plug-in vehicle owned by the applicant. The closing date for applications is 31 March 2017. 

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.

This loan is in addition to the UK Government’s Plug-in Vehicle Grant (discounted at point of purchase).

What are the different types of electric car?

An electric car can be powered, in part or full, by a battery that can be plugged directly into mains electricity. The main types of electric car are:

  • Pure-EV
  • Plug-in hybrid EV (PHEV) 
  • Extended range EV (E-REV)

Read more about electric cars.

What support is there for home charge point installation? 

Energy Saving Trust can provide £500 funding towards the cost of a 32 amp home charge point installation. This is on top of the £500 provided by the Office for Low Emission Vehicles (OLEV).

Find out more about installing home charge points

Use our free tool to help you compare the cost and range of electric cars to find the right one for you.

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