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Grant eligible plug-in vans named

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Feb 22 2012

The UK Government has named as many as seven ultra low carbon vans that will qualify for up to an £8000 discount via the "Plug-in Van Grant" incentive scheme. The aim of the incentive is to stimulate the market commercial vehicles with ultra low carbon emissions as they attempt to establish themselves in the United Kingdom.

"The Plug-in Van Grant and today's details on the seven models eligible are excellent news for van drivers, operators, businesses and the industry," says the chief executive officer of the Society of Motor Manufacturers and Traders (SMMT), Paul Everitt. "The savings on the initial purchase price, coupled with the tax advantages and very low running costs make a plug-in van an attractive proposition, particularly for those running local and back to base services."

Everitt goes on to say that since the United Kingdom is already home to a high level of manufacturing and R&D activity, it is very well placed to be able to take advantage of the sector in a big way. The nation's only competitive advantage is being added to by incentives that move to support the development of this flourishing market.

Each of the vans, which either are already on sale in the United Kingdom or will be at some point during this year, is eligible for a price reduction of as much as 20 per cent, up to £8000. With the full list price, VAT is also being able to be claimed back, on top of the reduction by VAT businesses. The vans are also likely to be available for rent on contract hire agreements.

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