Scotland offers loans for second-hand EVs: A low carbon transport scheme extension has been announced that will offer up to £20,000 loans from the Scottish Government for purchases of used electric vehicles (EVs).
The initiative, will enable an individual or business to obtain this interest-free loan over five years and aims to stimulate the EV market in Scotland to encourage more drivers to make the switch to greener travel with the uptake of more EVs.
The loan can be applied for by drivers on the website of the Energy Saving Trust, support will be also available for e-bikes including e-cargo bikes for those who prefer two wheels.
Help has been provided to the tune of £85 million to encourage people to make the switch to ultra-low emission cars and EVs.
Michael Matheson, Cabinet Secretary for Transport, Infrastructure and Connectivity said: “The global shift towards EVs means that prices are coming down year on year, but the price point for new vehicles remains high for many. We want to make it easier for people to switch by providing interest-free finance options for used vehicles.”
New petrol and diesel cars and vans by 2032 are to be phased out in Scotland under bold and ambitious plans.
Scotland offers loans for second-hand EVs