The government hailed the “success in the UK electric car revolution” as the reason for the decision, saying it had helped increase pure EV sales from 1,000 units in 2011 to almost 100,000 in the first five months of 2022 alone. PiCG has been implemented to more than 500,000 EV since its inception, with a total contribution of over 4 1.4 billion. Repeated cuts in the amount of money granted as part of the PiCG have sparked speculation about its collapse for several years, and the government’s previous commitment to funding until fiscal year 2022/2023 indicates when it would end. Plug-in Car Grant: what the ax means to buyers and carmakers Confirmation of its cancellation comes just six months after the amount was reduced from a maximum of 00 2,500 to 00 1,500 and the maximum cost of eligible vehicles was reduced from £ 35,000- £ 32,000 – leaving only the most affordable EVs eligible for the PiCG . The government says the number of electric vehicles available below this price point now stands at 24, up from 15 last year, as manufacturers introduce cheaper electric entry-level vehicles. The government said: “The government has always been clear that the subsidy for the plug-in car was temporary and funding for 2022-23 was previously confirmed. The successive reductions in the size of the grant and the number of models it covers have had little effect on the rapidly accelerating sales or the ever-increasing range of models being built. “Because of this, the government is now refocusing funding on the main obstacles to the EV transition, including public charging and supporting the purchase of other road vehicles where the transition to electric requires further development.”
