Hauliers and fleet operators nationwide will soon be able to access discounts of up to £120k on new electric trucks, thanks to an additional £18m announced by the Government this week to increase the Plug-in Truck Grant until March 2026.
The move is 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 lower running costs.
Similar to the Government’s Electric Car Grant, which has saved over 45,000 drivers up to £3,750 when making the switch, the Plug-in-Truck Grant enables lorry operators to access savings of up to £120k when buying a new electric truck.
New grant levels mean smaller trucks (from 4.25t to 12t) could save up to £20k, with the largest lorries (26t and over) saving up to £120k.
Minister for Aviation, Maritime and Decarbonisation, Keir Mather (left), said: “We’re backing British businesses to go green by making electric lorries more affordable, helping hauliers to make the switch whilst 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.”
The funding is set to increase zero emission truck sales to support delivery of the UK’s climate obligations and comes as the government has already invested over £120 million as part of the zero emission heavy goods vehicle (HGV) and infrastructure demonstrator (ZEHID) programme to roll out more zero emission lorries on UK roads.
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,” it added.
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