Overview

• The government’s £650 million Electric Car Grant opened for applications on 16 July offering up to £3,750 off new EVs priced below £37,000 with eligible models to be confirmed in early August.
• Carmakers including Leapmotor, Great Wall Motors, MG, Alfa Romeo and Hyundai have launched their own incentive schemes to pre-empt the official list and capture buyers.
• cap hpi data shows average first-year EV depreciation at 43%, with some models like the DS3 E-Tense losing two-thirds of value, prompting BVRLA warnings of a worsening supply-demand imbalance in the used-EV market.
• BYD executives dismissed the subsidies as too small and too late, warning they will not stem the influx of competitively priced Chinese-made EVs.
• Public charging points have surged by 27% to over 82,000 nationwide, but industry bodies warn of planning challenges as the UK’s Zero Emission Vehicle mandate tightens to 80% EV sales by 2030.