Smart launches £1500 electric car grant

Smart has launched their own electric car grant in response to the Government’s Electric Car Grant.

The ‘Smart EV Car Grant’ is worth £1,500 off the manufacturer’s models and is in addition to existing incentives it is offering.

It comes after the Government launched a new electric car grant worth up to £3,750 off a new battery electric vehicle (BEV).

To qualify, electric cars must have a recommended retail price (RRP) of £37,000 or less, with two levels of grant available depending on the carmaker’s sustainability standards.

The ‘greenest’ vehicles in band one will receive up to £3,750, with band two vehicles receiving up to £1,500.

Eligibility for the funding requires manufacturers to have committed to a verified science-based target (SBT) and have embodied carbon scores below a certain threshold.

Vehicles made by manufacturers who have not set an SBT will not be eligible for the scheme, says the DfT. 

Jason Allbutt, CEO at Smart UK, said:

“In line with our commitment to opening minds toward electric mobility, our #1 and #3 already offer exceptional value for money.

“This initiative will provide customers in the market for a new car with immediate confidence in their access to smart’s most competitive prices, avoiding leaving buyers in limbo while the industry adapts to evolving external influences.”

The first cars eligible for the Government electric car grant are expected to be announced on August 5.