Friday, March 1, 2024
HomeNEWSzero welcomes budget boost for electric bikes

zero welcomes budget boost for electric bikes

Zero Motorcycles has welcomed the government’s commitment to invest £200m in electric vehicle charging infrastructure, as well as the continuation of the existing plug-in grant.
 
In his Budget speech earlier this week, Chancellor Philip Hammond announced that the government would invest £200m to support the wider roll out of charging infrastructure, which will be matched by private investment to create a £400m ‘Charging Investment Infrastructure Fund’ to increase the network of charging points for ultra-low emission vehicles. Hammond also committed to extending the current Office for Low Emission Vehicles (OLEV) grant, which pays 20% of the purchase price of a new electric vehicle, up to maximum of £1500, until at least 2020.

Currently all Zero motorcycles are eligible for this subsidy, which is arranged by the dealer at the point of sale.
 
Zero’s UK manager Dale Robinson said: “It’s good news that the government continues to recognise the role that electric vehicles can play in providing a cleaner future. In this past year we have seen a great deal of interest in Zero motorcycles from both the press and public and a constant improvement in the infrastructure will give more and more people a reason to go electric.” 

The government has also confirmed that there will be no benefit-in-kind charge on electricity provided by employers to charge employees’ vehicles – good news for commuters – while also ensuring that all new-build homes will have the correct wiring to house electric vehicle charging points.
 
 

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