New EV Subsidy Grants Explained! £1,500–£3,750 Off – But Don’t Get Caught Out!

Thinking of buying an electric car? The government’s back with fresh EV grants – but there’s a catch, and it could cost you more than you think.

Well, it’s finally here – the much anticipated return of EV subsidies in the UK. The government has announced a massive £700 million pot to encourage more people to go electric, offering grants of up to £3,750 off the purchase of a new battery electric vehicle (BEV). Sounds fantastic, right? But wait – before you dash off to your nearest dealership, there are a few important details you really need to understand. Because this time, things are a little different. And if you’re not careful, you might end up worse off!

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50% EV Depreciation SHOCK!

Huge Car Bargains or Total Disasters?

Depreciation – it’s the silent assassin of the car world. You buy a brand-new motor, drive it off the forecourt, and before you’ve even parked it in your driveway, it’s worth significantly less. But what if I told you that some cars from 2024 have lost over half their value in just 12 months? Yes, you heard that right – 50% depreciation in just a year!

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