Scotland starts offering interest-free loans for used electric cars

Scotland starts offering interest-free loans for used electric cars

September 19, 2020 0 By autotimesnews

The authorities of this European country decided to encourage local residents to buy electric cars. The best solution, according to Scottish officials, is to offer citizens interest-free loans.

At one time, Scotland introduced interest-free loans of up to £ 35,000 to buy new electric vehicles.

For electric motorcycles and mopeds, the amount of financial support was lower – 10 thousand pounds. The Scots were given six years to pay it. Now it was decided to offer an interest-free loan for those who want to buy an electric car not in a car dealership, but “from hand”.

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Scottish Cabinet Secretary for Transport, Infrastructure and Communications Michael Matheson, commenting on the initiative of the authorities, noted the following. According to him, the main goal of such a project is to make the purchase of used electric cars easier, since not everyone can afford to buy a new car. At the same time, all Scots should be able to take advantage of the advantages that electric cars provide.

According to Next Green Car, the Scottish government has already spent over £ 85 million to encourage its citizens to switch to battery-powered vehicles.
So, wanting to reduce operating costs, many individuals and companies decided to take advantage of interest-free loans. Recall that Scotland has long wanted to abandon new gasoline and diesel cars. It is planned to complete this process by 2032.

Earlier, our portal said that Mitsubishi is completing the production of the world’s first serial electric car. We are talking about the i-MiEV battery hatchback: it was let down by low sales, which completely “sagged” during the crisis in the industry.