GWM UK has launched its own electric vehicle (EV) discount of £3,750 to get ahead of its models potentially not with the ability to access the Government’s Electric Automobile Grant.
The initiative follows the recent announcement that the UK Government’s grant will give attention to a selected set of vehicles, leaving some customers confused and waiting to see if models like Ora 03 will qualify.
Quite than waiting for approval, GWM UK said it’s taking the uncertainty away and is offering the £3,750 saving to customers immediately, matching the Government grant.
The discount is out there across the Ora 03 range, including Pure, Pro and GT trim levels, taking the starting price all the way down to £21,245.
The £3,750 saving can be used towards a private contract purchase (PCP) deposit and GWM UK is currently offering 0% APR PCP finance.
Toby Marshall, GWM UK managing director, said: “We don’t imagine our customers should need to wait for the Government to choose which vehicles qualify for the EV grant.
“So, we’ve taken matters into our own hands and matched the £3,750 saving, available to everyone, at once, on our Ora 03 range.
“With immediate availability, competitive finance and exceptional value, there has never been a greater time to go electric with GWM Ora.”
Chinese automotive maker Leapmotor announced last week it will bypass the UK government’s recent EV grant scheme by launching its own self-funded incentive.
The Government has suggested that Chinese-made EVs won’t qualify for its recent electric automotive grant based on the environmental standards of production facilities.
To qualify for the £650 million scheme, electric cars should have a really helpful retail price (RRP) of £37,000 or less, with two levels of grant available depending on the carmaker’s sustainability standards.
The ‘greenest’ vehicles in band one will receive as much as £3,750, with band two vehicles receiving as much as £1,500.
The electrical automotive grant (ECG) requires manufacturers to have committed to a verified science-based goal (SBT) and have embodied carbon scores below a certain threshold.
Speaking on the BBC’s Today programme last week, transport minister Lilian Greenwood said she didn’t expect any cars which can be assembled in China to be eligible for the grant.
“The grant is restricted to those manufacturers that reach minimum environmental standards,” she added.
“And, frankly, in case you generate a whole lot of the electricity that powers your factory through coal power stations, then you definately will not be going to find a way to access this grant.”
This Article First Appeared At www.am-online.com
