Going electric might not be as difficult as you think. If you’re a business owner looking to purchase an electric vehicle, you should know that there are options out there to help you. The government is helping towards the cost of a new electric van lease in the form of grants.
But what grants are available for electric vans? Are you eligible? How can getting a grant on an electric van affect leasing? In the following guide, we’re going to explain everything you’ll need to know about electric van grants, so you can make an informed decision.
Find out more about leasing in our van leasing guide.
As the world shifts toward more sustainable transport, the UK government has introduced a scheme to encourage people to swap to electric vans. The goal is to reduce emissions and combat climate change.
Amongst these efforts are electric van grants that are aimed at incentivising businesses to transition to electric vehicles. The goal of these grants is to help reduce any upfront costs and ultimately contribute to a greener future.
There are three types of electric van lease grants - small, large and trucks. Find out more about the different types below.
Small businesses and fleet operators looking to electrify their operations can benefit from the small van grant. This grant applies to vans with small cargo capacities. Vehicles need to be less than 2500 kg in weight, have CO2 emissions less than 50g/km, and be able to travel 60 miles without emissions.
Eligible vehicles include the Peugeot e-Partner and the Nissan Townstar. The grant will pay for 35% of the purchase price for small vans, up to a maximum of £2,500.
The large van grant is designed for businesses with heavier operational demands, supporting the adoption of larger electric vans with greater specs. The grant will pay for 35% of the purchase price for these vehicles, up to a maximum of £5,000.
There are a few restrictions including a cap of 4,250kg in weight, less than 50g/km of C02 emissions and being able to travel at least 96 km without emissions. Some of the eligible large vans include the Citroen EV and the Volkswagen ID. Buzz Cargo Commerce.
Beyond vans, the government has also included a series of grants for trucks. The truck grant has been designed to incentivise businesses to swap over to electric vehicles, especially in transport, construction and logistics. Electric trucks are quickly becoming a possibility due to advancements in battery technology.
If you think taking out a grant for an electric vehicle might be for you, you should know the process is simple. However, there are some materials you’ll need to prepare. By understanding the steps involved, you will streamline the process and make it simple.
The first thing to do is check your eligibility. The criteria involve making sure the van you are looking for is part of the scheme.
From here, you need to reach out to an approved car dealership, leasing company or supplier like Leasing Options. They will be able to give you more information about the application process regarding your grant.
You’ll need to get all of the necessary information and documentation. This can include business information, vehicle specifications and your proof of eligibility.
Once you have everything lined up, all you need to do is submit your application. From here, you will need to wait for confirmation and approval from both government and dealership parties.
Once your application has been approved, you will get confirmation of your grant funding. The funds will be released to you, according to the terms and conditions of your grant agreement. The grant will likely be released to the dealership or supplier that you are purchasing the vehicle from.
Don’t worry. Leasing Options will be there to help you with each stage and take the effort out of your electric van grant.
Taking out an electric van lease grant can lessen the initial cost of your lease and make an electric vehicle a practical option. Since one of the reasons why getting a van lease over purchasing a vehicle outright is to reduce and spread the cost, this grant can make the idea of leasing an electric van even more appealing.
Let's take a look at the main benefits of an electric van grant, as well as some considerations for you to keep in mind.
Grants are available for leased vans. We take into consideration all the grants available and apply them to the price shown on the site. An electric vehicle that might have been out of reach financially for your business needs, may now be in reach with grants when compared to a non-electric vehicle.
As well as the grant for fully electric vehicles, you can also get plug-in van grants for hybrid vans. This scheme extends to some low-emission vehicles and is designed – as with fully-electric vehicles – to help people afford them.
As well as grants for electric vehicles, there are also grants for electric vehicle charge points and infrastructure. There are several grants for those who own electric vans and are looking to get a charge point installed. Some of these grants include:
There is also a scheme called the Workplace Charging Scheme, which offers support to eligible applicants who are looking to purchase and install electric vehicle charge points.
If you’re looking to get an electric van lease, Leasing Options can help you with the grant. With over 30 years’ experience and a five-star Trustpilot rating, we offer a Price Match Promise that guarantees you the best possible price on the electric van of your dreams.
When it comes to taking out an electric van lease grant with us, all you’ll need to do is inform us of the grant during your application. If you have any questions, don’t be shy! Pick up the phone and contact our friendly account managers, who are electric van experts. They’ll get you right up to speed with everything you need to know regarding electric van grants.
Don’t forget to check out our van leasing special offers and see how you could save even more.
A plug-in grant varies depending on the size of the van you are looking at. The grant for a small van is £2,500 max. The grant for a large van is £5,000 at maximum. The grant for each eligible vehicle will depend upon their specifications.
The good news is that this grant is not limited to one vehicle! A business can take out up to 1,000 grants for electric cars, resetting on April the 1st of each year. This makes it a terrific option for businesses who are looking to swap their whole workforce to electric vans.
This depends on a few factors, such as the initial purchase price. You’ll find that electric vans will usually have a higher upfront cost compared to petrol or diesel vehicles, but they eventually offer long-term savings in the form of fuel and maintenance expenses.
Electric vans are cheaper to run per mile and contain far fewer moving parts that can become damaged. Because of this, you’ll find that an electric van will be a cheaper choice over time.
Now, when you consider getting an electric van on a lease with a government grant – you will find that there isn’t so much of a difference in terms of upfront cost. Another thing to consider is that electric vans often qualify for lower taxes and congestion charges can sometimes be eligible for exemptions in emission zone fees in urban areas. It’s important to consider these factors when deciding whether an electric van is cheaper for you.
