Government’s Plug-in Car Grant reduction will hit EV popularity

The Government’s announcement to reduce the Plug-in Car Grant in the UK will hit the popularity of leasing an electric car – just when more drivers are looking to make the switch.
The new rules will see those vehicles costing less than £35,000 being eligible and the grant has been reduced from £3,000 to £2,500.
The move will now see one of the UK's most popular electric cars, the Tesla Model 3, being removed from the qualifying price bracket.
The sales manager of Tilsun Leasing, Ian Ball, said: "At a time when we need more drivers to embrace electric vehicles, the Government makes them more expensive.
"The sad thing is that the Tesla Model 3 is a very popular electric car to lease."
Electric cars account for 5.5% of all the cars leased by Tilsun over the past 12 months - and Tesla accounted for 55% of that EV volume.
The Tesla range also accounts for 5% of all vehicle leasing inquiries received by Tilsun – and the Society of Motor Manufacturers and Traders (SMMT) revealed that the Tesla Model 3 was the UK’s best-selling car in December.
Mr Ball added: “Everyone has heard of Tesla and their car range is nothing short of impressive.
“Tesla models are well-made and packed with technology and have helped put the potential of electric cars into the consciousness of car drivers - which is no easy thing.”
For many drivers interested in an electric car, leasing can make for an affordable way of getting behind the wheel of one.
Leasing an EV also avoids an electric car's depreciating value.
Tilsun Leasing says that in 2021, they have seen growing interest in EVs from other carmakers with the ever-popular Nissan Leaf, the new Volkswagen ID.3 and the Audi e-tron also generating lots of leasing enquiries.
Mr Ball says that the popularity of owning or leasing an electric car will soar as the UK nears 2030 when the sale of new petrol and diesel-engine cars will be banned, though it remains to be seen whether the plug-in grant reduction will hit EV sales.
And, he says, that the transition to electric-powered transport will partly be down to the efforts of Tesla’s inspirational leader Elon Musk and their current line-up of the Model 3, Model S and the Model X as well as the new seven-seater Model Y SUV that is expected next year.

Tilsun Leasing Limited, Verity Court, Pochin Way, Middlewich, Cheshire, CW10 0GW.
Press Contact: Steve Lumley

Founded in 1998, Tilsun Leasing was created with a simple idea of providing great, honest and reliable vehicle leasing for all business and personal customers. Driven by the passionate pursuit of these core values, Tilsun continues to satisfy thousands of new and existing customers to this day. Based in the heart of Cheshire, we supply cars and commercial vehicles from all the major manufacturers to drivers across the UK. Whether you are a private individual or the largest of multi-national companies we are experts in both personal contract arrangements and business contract hire agreements. Whatever your requirements, you'll benefit from over twenty years of vehicle leasing experience. We've worked hard to build a reputation for offering superb value within the leasing industry. We love what we do, so it's no surprise that our customers love us too.

This release was published on openPR.