It’s part of a £318m plan for green freight which is backing British businesses by slashing upfront costs on new lorries and helping businesses to access the lower running costs.
Alongside increased funding, the government will also launch a consultation on the regulatory roadmap to phase out sales of new non-zero emission HGVs by 2040, giving industry the certainty it needs to invest and plan for the future.
Similar to the Government’s Electric Car Grant, which has already saved more than 45,000 drivers up to £3,750 when making the switch, the Plug-in Truck Grant enables truck operators to access savings of up to £120,000 when buying a new electric truck.
The new funding comes after the Government confirmed last August that the Plug-in Van and Truck grants are being extended until at least April 2027.
The grants previously offered discounts up to £2,500 for small vans, £5,000 for large vans, £16,000 for small trucks and £25,000 for large trucks.
The new grant levels for trucks mean:
• Smaller trucks (4.25t-12t) could save up to £20,000
• Mid-sized trucks (12t-18t) up to £60,000
• Larger trucks (18t-26t) up to £80,000
• The largest lorries (26t+) up to £120,000
Keir Mather, minister for aviation, maritime and decarbonisation, said: “We’re backing British businesses to go green by making electric lorries more affordable, helping hauliers to make the switch while turbocharging growth, investment and jobs in the sector. Our proposals will provide the certainty the industry has been calling for so that Britain becomes the best place for green investment.”
