PHOTO CAPTION: One-third of all electric car registered in the UK are Nissan LEAFs.

Brits Offered Up to £50K Interest-Free EV Loans

With more than 500 public charging stations in Scotland, alone, interest in electric cars is growing in the UK and the government is now making it easier to buy them.

Published: 18-Aug-2015

Our British cousins are getting serious about switching over to electric cars. They recently announced they would begin experimenting with in-road vehicle charging that will allow EVs to charge their batteries while driving along the country's motorways. Not having to stop to charge will make driving electric cars as convenient as petrol/gasoline models.

Now the UK is offering interest-free auto loans of electric cars up to £50,000 or the US dollar equivalent of nearly $78,000, close to the price of a Tesla Model S in this country. Besides the very popular £21,500 ($33,500US) Nissan LEAF, which represents a third of all electric cars registered in Britain, also available is the Renault Zoe, BMW i3, and the Tesla Model S, among at least 10 models on sale, including several plug-in electric hybrids.

Besides helping reduce local air pollution, EVs can be charged from Britain's power-grid that is increasingly shifting away from fossil fuels to renewables, wind in particular. They also offer drivers a huge cost advantage, explains Harry Mayers, head of new services at Scotland's Energy Saving Trust.

“Electric cars cost around 3p per mile to run, compared with around 15p per mile for the average petrol car, and incur no road tax. They also help to reduce local air and noise pollution, contributing towards a greener, healthier Scotland.”

Businesses in Britain can qualify for up to £100,000 in a similar interest-free loan for the acquistion of EVs, including, presumably, light trucks like Renault's Kangoo ZE.

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