Source: Motorcycle Trader

The UK government has revealed its intentions for a partial extension of the Plug-in Motorcycle Grant (PIMG) specifically for motorcycles. However, it has advised that the scheme will cease for new L1e moped orders by the end of the current financial year (5th April 2024).

The government announcement states “The PIMG was intended to bridge the cost between zero emission models and petrol/diesel equivalents, to  encourage early market growth. The grant has successfully provided more than £7m to support the purchase of over 12,000 vehicles.

“With the market share for electric mopeds at over 40% in 2022, up from 1.8% in 2016, the Government has decided to close the PIMG for mopeds. The grant remains available for new L1e moped orders to be placed until 5 April 2024 only.

“The government has always been clear that all plug-in vehicle grants would eventually end and previously confirmed funding until the 2023/24 financial year. However, the government recognises that continued support for motorcycles is needed in its transition to zero-emission.

“We are therefore pleased to confirm that the PIMG will continue to be available for L3e-category vehicles (motorcycles) into the next financial year (2024/25), with no change to the grant rate.

“The guidance on the GOV.UK website will be updated to reflect this announcement in due course. All plug-in vehicle grants will remain under review to deliver the greatest value for money for the taxpayer.”