Electric Cars for Business Users

Eligibility

There are a number of grants and loans available this year designed to help people and businesses make the switch to electric vehicles.

These are the eligibility requirements:

1. Vehicle being purchased would have to be from the approved list.
2. Company must organise a Sustainable Transport Review (STR). Only when the need for and benefit of the sustainable transport measures have been identified in a STR will Home Energy Scotland be eligible for a business loan and able to submit an application. An STR provide details of the existing vehicle which when compared with a new vehicle will demonstrate savings for emissions and also financially.
3. Company will need to pass normal credit checks.

If these requirements are met, then the company would qualify for the loan. The application takes about 10 days to process.

Click here to view the BIK rates for electric vehicles.

Key funding schemes

1 – Low carbon transport business loan

• £100,000 interest free loan (capped at £35,000 per vehicle), with 6-year payback period.
• Your local Sustainable Transport Advisor can provide the loan application form and complete a Sustainable Transport Review report for you.

2 – Domestic EV loan

• £35,000, interest free, with 6-year payback period.
• Contact Home Energy Scotland on 0808 808 2282 to request an application form.

3 – Business ChargePoint funding

• 100%, 75%, 50% funding potentially available.
• Funding depends on various factors (no. of EVs using, public benefit, etc.).

4 – Home ChargePoint funding

• £1,000 funding towards home charge point, which should cover majority of installation cost.
• Open to company car/van drivers.
• Combined funding from EST and the Office for Low Emission Vehicles (OLEV).