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Coronavirus: Remote working drives fleet replacement cycle quandary
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CVCC Student Art Show scheduled
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Ashley Barnett, head of consultancy at Lex Autolease
The Government’s £582 million funding commitment until 2023 to support the uptake of plug-in vehicles is an important step along the Road to Zero.
Naturally, we expected policymakers to review the grants available as confidence in electric vehicles (EVs) continues to rise, but the timing of the recent plug-in grant changes caught the industry by surprise and could put the brakes on the momentum gathered in recent months – we won’t see the full impact for around three months.
While the overnight reduction from £50,000 to £35,000 still meant lower range entry-level models from many manufacturers would continue to qualify for a subsidy, the changes did impact vehicles with bigger batteries and longer ranges.