The Government are actively encouraging drivers to switch to electric cars and vans – which is good news for anyone considering buying a new one. The plug-in car grant provides a discount of up to £3,500 for eligible cars; and up to £8,000 for eligible vans. There are also generous grants available to help towards the cost of home, workplace and on-street charge-points.
There are significant tax incentives for making the switch to electric. For company car drivers the news is even better, with electric and hybrid cars emitting 50 g/km of CO2 or less incurring a Benefit In Kind tax of only 9% in 2017/18. This can represent huge savings for the driver.