What grants are available for electric vans?
If you’re looking to transition your business from petrol or diesel vans to electric, you’ve probably eyed up the price and winced.
Electric tech still costs more upfront than its counterpart combustion parts – though you can save money across the whole life cost of an electric van lease – which is why the government has kept the Plug-In Van Grant (PIVG) scheme, even after scrapping the equivalent scheme for cars last year.
The grant is an incentive to entice businesses into electric vans, and to help prepare them in the lead-up to the 2030 petrol and diesel ban, when sales of new combustion engine vans will be banned.
It’s expected that the PIVG will accelerate the growth of electric vehicles, which in turn will help to make the UK less reliant on oil imports and reduce the risk that fluctuations in global energy prices can have on businesses.
It was announced in March 2022 that the grant had been extended until 2024, so though there’s no rush yet, it’s worth considering – if you want to take the plunge – electric van leasing when you’re looking for your next vehicle so you can take advantage of the reduced price.