Latest Industry News

The government’s electric car grant is paid out by the Department for Transport’s Office for Zero Emission Vehicles (OZEV), and is designed to make the transition to electric car (EV) ownership more affordable for more drivers.

The incentives are in place because the large battery packs involved in manufacturing plug-in models currently make electric cars more expensive than equivalent petrol and diesel-powered models. Electric car prices are predicted to move towards parity with traditional petrol and diesel models in coming years, so we can expect grant levels to fall as they do.

The amount of the electric car grant – often referred to as the Plug-in Car Grant (PICG) – has fallen steadily since its introduction in 2011. Back then it was worth up to 35% of the cost of a new vehicle, with a £5,000 cap. The EV grant limit is now capped at £2,500 and it’s only available on cars costing less than [...]

Increased demand for consumer electronics such as smartphones and laptops during lockdown has led to a shortage of semiconductor chips. One of the most widely used components in electronic circuits, semiconductors are crucial for making a wide range of products, and the shortage is disrupting industries worldwide.

The shortage has also affected car and van production, exposing fleets to much longer lead times. Up to six months and longer in some cases.

While some manufacturers have removed some of the extra options that require more chips, some are shifting production to models that are in high demand such as low and zero-emission vehicles.

    Back to top