While in Wednesday’s Budget Chancellor Rishi Sunak announced that the electric car grant would be extended until the 2022/23 financial year, a cut from £3,500 to £3,000 was also confirmed.
In response, electric car pioneers Renault and budget brand MG have announced they will give buyers an additional £500 throughout March to temporarily reinstate the same grant savings.
The offers see MG and Renault offering the deal for orders placed before March 31, meaning that a Renault Zoe hatchback can be bought for £24,670, and an MG ZS EV from £22,495.
Daniel Gregorious, MG head of sales and marketing, said: “With the Government’s announcement that the Plug-in Car Grant is reduced from £3,500 to £3,000 from today, we wanted to be able to help our customers to switch to zero-emissions electric MGs without spending more money.
“We’re delighted to be able to top-up the grant back to £3,500 for the remainder of March. Since the launch of ZS EV in summer last year, our dealerships have been inundated by customers eager to get their hands on the first truly affordable, family-friendly electric car. With this top-up, we’ve maintained the exceptional value-for-money proposition that people expect from MG.”
Vincent Tourette, managing director of Renault UK, said: “We welcome the longer term stability of yesterday’s announcement and, in line with Renault’s vision of Sustainable Mobility For All, support the move to restrict the grant eligibility to more affordable vehicles that are most likely to have the largest effect on reducing overall environmental impact.
“In order to support customers who were considering a new electric car this month and had perhaps considered that they would be eligible for the £3,500 Plug-in Car Grant, I am delighted to say that Renault UK will enhance its existing offers and maintain the former grant level until 31 March.”