Energy Saving Trust helps drivers fund used electric vehicles

As the world continues to shift towards sustainable energy solutions, electric vehicles (EVs) are at the forefront of this transition. In Scotland, the government is actively encouraging the adoption of EVs through various initiatives, one of these being the Energy Saving Trust’s Electric Vehicle Loan. This program offers an interest-free loan to individuals looking to purchase a used electric vehicle, making the switch to green transportation simpler than ever. But to get the most of the benefits of your EV, it's also worth considering the installation of a Lemac Power home EV charger. Here's why.

What is the Energy Saving Trust's Electric Vehicle Loan?

The Energy Saving Trust’s Low Carbon Transport Loan for Used Electric Vehicles (EVs) in Scotland is a government-funded initiative aimed at making electric vehicle ownership easier for rural residents and eligible households. The program offers interest-free loans of up to £25,000 for purchasing used pure electric cars or vans from UK dealerships. To qualify, applicants must not already own a pure EV, must have a valid driving license, and meet specific criteria based on their residency and household income.

Rural residents are eligible if they live in areas classified as rural by the Scottish Government and there is an online postcode to help see if this applies. It’s also available for households with a combined income not exceeding £50,000. With no interest charged, the full amount you borrow goes directly towards your purchase, allowing for significant savings compared to conventional loans. The loan is repayable over up to six years depending on the age of the vehicle, providing ample time to manage your finances comfortably. Unlike many financing options that require an upfront deposit, this loan does not, making it more accessible.

While the loan covers the cost of purchasing your electric vehicle, another key consideration is how you'll charge it. This is where the Lemac Power home EV charger comes into play. With a home EV charger, you can charge your vehicle overnight, ensuring it's always ready when you need it. The Lemac Power charger offers smart features like scheduling, which allows you to set specific charging times to take advantage of lower electricity rates during off-peak hours. Compared to standard plug-in options, the Lemac Power home charger delivers a significantly faster charge. Most home chargers can provide a full charge in 6-8 hours, compared to 24+ hours with a standard 3-pin plug.

The Energy Saving Trust’s Electric Vehicle Loan provides a fantastic opportunity for Scots to join the electric vehicle revolution without the financial burden often associated with new technology. However, to truly get the most out of your new EV, installing a Lemac Power home charger is a wise decision. Not only does it offer convenience and faster charging times, but it also ensures you're getting the most efficient and reliable charge possible, making your overall EV experience better. In the drive towards a greener future, combining the benefits of the Energy Saving Trust's loan with a Lemac Power home charger is a powerful step towards sustainable, hassle-free transportation.

To find out more about the EST used EV scheme – you can find out more at the link below.