Renault, MG and PSA subsidise new UK Government plug-in grant by further £500

Number of electric car makers pledge extra £500 on top of reduced £3,000 government grant for EVs

Renault Zoe EV front

Renault, MG and PSA - owner of the Citroen, Peugeot, DS and Vauxhall brands - have outlined plans to offer buyers an extra £500 off the cost of new electric cars to subsidise the Government’s plug-in car grant

The UK Government reduced its contribution from £3,500 to £3,000 as part of the 2020 budget, with the promise that the incentive will continue to be offered in some way until 2023.

Now PSA is offering its own incentive across its line-up of all-electric vehicles, with a £500 discount for the Peugeot e-208, DS 3 Crossback E-Tense and Vauxhall Corsa-e. DS will also offer a free domestic wallbox charger and a six-month subscription to the Polar charging network.

MG will top up the Government’s plug-in vehicle grant by £500 on its sole electric vehicle, the ZS EV, which retains its pre-2020 budget on-the-road price of £22,495.

Renault has confirmed that the new Zoe, which is arriving in dealerships now, will also be available with a further £500 off after the £3,000 government incentive until 31 March. 

So far the UK Government claims it has contributed more than £800 million to support the early adoption of ultra-low emission vehicles, supporting the purchase of more than 200,000 vehicles in the UK – over 100,000 of which have been all-electric. The latest terms grant buyers of all-electric vehicles with a list price of less than £50,000 a £3,000 subsidy.

David Peel, Managing Director of Peugeot UK, said: “The plug-in car grant has been hugely successful in helping thousands of buyers to make the switch to electric. We were delighted to hear the Government has added a further £403 million to the scheme and has agreed to support it until 2022–2023.

“By making up the £500 shortfall in funding, we’re aiming to ensure electric vehicles registrations continue to rise, and that the vehicles will remain accessible to as many as possible.”

Do you agree with the UK government’s decision to lower the plug-in vehicle grant? Let us know in the comments section below…

Recommended

'Judging by 2020's stats, demand for EVs is growing'
Opinion - electric cars
Opinion

'Judging by 2020's stats, demand for EVs is growing'

Steve Fowler finds some positive all-electric figures from a year of sales doom and gloom
13 Jan 2021
‘Your car may not be the most efficient tool for your new, lower-mileage life’
Opinion

‘Your car may not be the most efficient tool for your new, lower-mileage life’

Mike Rutherford thinks now is the perfect time to re-evaluate your modes of transport
20 Dec 2020
Pester power from kids pushes parents towards electric cars
News

Pester power from kids pushes parents towards electric cars

More than half of UK children want their parents to make the switch to an electrified car
27 Oct 2020
Government should place 15% EV quota on car manufacturers, campaigners say
Electric cars

Government should place 15% EV quota on car manufacturers, campaigners say

Global Action Plan and FIA Foundation claim 59 per cent of two-car families could run an electric car without any hindrance
17 Aug 2020

Most Popular

BMW 5 Series vs Audi A6 vs Volvo S90
BMW 5 Series vs Audi A6 vs Volvo S90 - main
Car group tests

BMW 5 Series vs Audi A6 vs Volvo S90

Can plug-in hybrid power create a clear winner out of the BMW 5 Series, Audi A6 or Volvo S90
23 Jan 2021
Best small 4x4s to buy 2021
Dacia Duster ford
Best cars & vans

Best small 4x4s to buy 2021

Need 4x4 capability without big SUV fuel bills? Take a look our top 10 small 4x4s instead
6 Jan 2021
New Lotus ‘Type 131’ due in 2021 as Elise, Exige and Evora bow out
Lotus range
Lotus

New Lotus ‘Type 131’ due in 2021 as Elise, Exige and Evora bow out

A new look Lotus line-up is teased with heavy influence from Evija hypercar expected
24 Jan 2021