UK government revs up light electric vehicle market
3246 days ago
Electric 2 wheelers will join cars, vans, trucks and buses in the UK government’s drive for greener vehicles, Business Minister Matthew Hancock announced on 27 March 2015.
Up to £7.5 million (€ 10.2 million) will be set aside to boost the uptake for electric 2 wheelers and help bikers bridge the cost gap between a zero emission electric vehicle and conventional petrol versions.
The grant could offer up to £1500 (€ 2,000) off the purchase price and allow LEV drivers to reduce both their running costs and environmental impact.
The move comes following meetings with the electric Motor Cycle Industry Association and leading manufacturers including Suzuki, Harley Davidson, BMW, Volt, and Mahindra.
Business Minister Matthew Hancock said:”Low emission vehicles are the future and show that we can meet our climate change commitments without giving up our cars or motorbikes. Electric motorcycles and scooters have got fantastic potential and can be a real force for good. This investment shows we are serious about increasing the uptake of cleaner vehicles in the UK, and offer a fantastic place for firms to locate their research and development and manufacturing facilities. Supporting new technologies is a key part of our long-term economic plan.”
Transport Minister Baroness Kramer said: “This £ 7.5 million for electric bikes demonstrates our commitment to all ultra-low emission vehicles, from motorbikes to cars and trucks. From navigating city streets to putting in the motorway miles there is now a genuine low emission choice for everyone and electric vehicles are now ready to go mainstream. We are determined that the UK continues to be at the forefront of this vital revolution in transport.”
The government will continue to work closely with the industry as it finalises the details of the scheme, including the grant level and final eligibility criteria, but it could be up and running in dealerships as early as this summer. The funding is being made available from the £500 million (€ 680 million) Office for Low Emission Vehicles (OLEV) programme for the period 2015 to 2020.
A spokesman from Mahindra said: “Mahindra welcomes this statement of ambition and commitment by the UK government – further enhancing what is already one of the most comprehensive packages of support for the move to e-mobility anywhere in the world. The Mahindra GenZe is an innovative, zero emission electric 2 wheeler, that will offer an exciting ride to urban commuters. The Mahindra Group already has a growing presence in the UK through its electric vehicles and Formula E racing team and we fully expect the UK to be one of our lead markets for our GenZe 2 wheelers when they come to the UK market in late 2015.“