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Discussion Starter #1
This is good news for people in the UK!

The UK's latest budget statement says that tax incentives for EVs will continue into 2022/2023.

"Consumer incentives support the development of markets for new transport technology. The government is considering the long-term future of incentives for zero emission vehicles alongside the 2040 phase-out date consultation. Until then, the government will provide £403 million for the Plug-in Car Grant, extending it to 2022-23. Recognising that the market for other ultra-low emission vehicles is still very small, the government will also provide £129.5 million to extend the Plug-in Grants for vans, taxis and motorcycles to 2022‑23. In addition, the Budget announces the exemption of zero emission cars from the Vehicle Excise Duty (VED) ‘expensive car supplement’ and the publication of a call for evidence on VED, which will include how it can be further used to reduce vehicle emissions. (35, 44)"
 

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All is not as it seems. Firstly, from 12 March the grant has been cut by £500 to £3,000. More importantly, it has been entirely withdrawn for cars cost more than £50k - which may mean that the First Edition and/or AWD models etc will not qualify at all!
 

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Discussion Starter #3
All is not as it seems. Firstly, from 12 March the grant has been cut by £500 to £3,000. More importantly, it has been entirely withdrawn for cars cost more than £50k - which may mean that the First Edition and/or AWD models etc will not qualify at all!
I don't know how I missed that. That's crazy!
 

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It wasn’t made clear, especially as the Chancellor only said that he was announcing the EV grants would continue for x no of years; but it was subsequently admitted that what he didn’t say was that the £3.5k was reduced to £3k from Budget day and the grant entirely withdrawn where the list price is over £50k. As you say, that is bonkers madness and I hope manufacturers and climate change lobbyists attempt to get this changed. If they don’t I for one will probably cancel and, reluctantly, go hybrid.
 

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Discussion Starter #5
It wasn’t made clear, especially as the Chancellor only said that he was announcing the EV grants would continue for x no of years; but it was subsequently admitted that what he didn’t say was that the £3.5k was reduced to £3k from Budget day and the grant entirely withdrawn where the list price is over £50k. As you say, that is bonkers madness and I hope manufacturers and climate change lobbyists attempt to get this changed. If they don’t I for one will probably cancel and, reluctantly, go hybrid.
I think the Mach-E might be eligible for the grant now.

 

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I think the Mach-E might be eligible for the grant now.

Looks like you are correct as regards the RWD but perhaps the AWD and First Edition will still be over the limit; perhaps I‘ll have to downgrade!
 

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An interesting one to consider,
The base price of a RWD Std Range is £33k odd - then VAT takes that up to just over £40k. HOWEVER in the Govt's definition and that on the Website VAT is considered as part of the total price of the car.

So unfortunately it looks as though the AWD Extended and GT will be excluded from the £3k grant
 

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An interesting one to consider,
The base price of a RWD Std Range is £33k odd - then VAT takes that up to just over £40k. HOWEVER in the Govt's definition and that on the Website VAT is considered as part of the total price of the car.

So unfortunately it looks as though the AWD Extended and GT will be excluded from the £3k grant
£40k is ~$55k. Seems that American cars in general cost way more in the UK than EU cars.
Now that Brexit is completed, perhaps the UK will work out a trade deal with the US and Mexico before you take delivery that results in more MME models meeting the cap.

Sent from my LM-G710 using Tapatalk
 
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