The recent government giveaway of £5,000-a-car has sent sales of electric vehicles in Britain soaring to record levels – but buyers may now have only a few months left before the grant money runs out.
Back in early 2011 the £5000 grant was launched and the government promised that the scheme would continue until 50,000 had been awarded. There was slow early take-up was slow, and two years in just 3,200 grants had been made but since the launch of the Nissan Leaf, the remarkable success of the Mitsubishi Outlander plug-in, and the fact that there are now a further 35 models to choose from, has ignited the market.
The first five months of 2015, has seen the number of electric cars sold in the UK and those eligible for the £5,000-a-car grant jump to 11,842 four times the numbers sold over the same period last year. So far, the government has awarded around 36,000 grants but with the 50,000 award limit in sight if you have any interest in taking them up on the grant its time to act. If sales continue to grow the grant money will almost certainly run out before the end of the year, possibly sooner.
Issued by: Enable Independent Financial Life Planners 25c North Street, Bishops Stortford, Herts CM23 2LD Telephone: 01279 755950 - Fax: 01279 657339 Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority. It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us. NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE
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