Funding for electric vehicles

The Low Carbon Transport Loan

The Low Carbon Transport Loan (also known as the Electric Vehicle Loan) is an interest-free loan with a repayment period of up to 6 years. It is managed by the Energy Saving Trust, on behalf of the Scottish Government and currently offers drivers:                                     

• up to £28,000 to cover the cost of purchasing a new pure electric vehicle
• up to £10,000 to cover the cost of purchasing a new electric motorcycle or moped

There’s also the option of a second hand electric vehicle loan which can be repaid over 5 years. It offers drivers:

• up to £20,000 to cover the cost of purchasing a used electric car
• up to £5,000 to cover the cost of purchasing a used electric motorcycle or moped

Charge point funding

If you have a driveway, you could get funding to help install a charge point for your electric vehicle. Not only is this convenient, but you could save money by charging your electric vehicle overnight when electricity is cheapest.

Grants of up to £300 are available for households, with an additional £100 for those who live in the most remote locations in Scotland. This grant is on top of funding of £350 from the Office for Zero Emission Vehicles (OZEV).

eBike Loan

The interest-free eBike is repaid over 4 years and entitles households to:

• Two ebikes to the value of £3000 each
• One family cargo or ecargo bike to the value of £6000
• One adapted cycle (value assessed on a case-by-case basis)