The UK government has brought back its electric car grant to help more people and businesses switch to electric vehicles. This new version of the scheme offers up to £3,750 off the cost of a fully electric car, as long as the car is priced below £37,000. The goal is to make cleaner transport more affordable and to support the UK’s wider plan to reach net zero emissions by 2050.

For businesses, this is an important moment. Whether you lease one car or manage a full fleet, the EV grant could lower your costs and make switching to an electric vehicle easier than ever. Leasing electric cars is already a cost-effective option for many companies. With this extra support, the savings can be even greater.

The new grant has a two-level system. The cleanest electric cars, those that produce the lowest emissions over their full life, will get the full £3,750 discount. Other models that still meet high environmental standards can get a £1,500 discount. This means more models can qualify, while also rewarding manufacturers that build greener vehicles overall, not just at the tailpipe.

Many well-known models already fall under the price limit. These include the MG4, Vauxhall Mokka Electric, Peugeot e-208, and the new Renault 5 E-Tech. Some Chinese brands, such as BYD, GWM Ora, and Leapmotor, also offer electric vehicles that are likely to qualify.

The return of the grant also comes as manufacturers launch their own savings. For example, Smart is offering up to £3,500 off some models. MG is providing £1,500 discounts on its MG4 and MG5 EVs. Hyundai, Volvo, Kia, and others are also introducing deals. These extra savings are designed to work with the government’s grant, giving business customers more value than ever before.

For businesses that lease their vehicles, the electric vehicle grant can reduce costs even further. When the vehicle’s price drops, so does the lease rate. That means lower monthly payments, better cash flow, and less pressure on budgets. It also means you can bring new electric vehicles into your fleet without a big upfront cost. If you’re managing a growing team or reviewing your company car policy, now is a great time to rethink your approach.

Electric cars also help lower long-term running costs. Charging with electricity is usually much cheaper than filling up with petrol or diesel. If your staff can charge at home or at work, the savings will grow. EVs also have fewer moving parts, so they need less maintenance. That reduces downtime and cuts servicing bills, two big benefits for fleet operators.

Some businesses worry about charging access. The government is trying to fix this too. As part of the new grant plan, it is investing £25 million into EV charging. A big focus will be on cross-pavement charging. This will help drivers who don’t have driveways but still want to charge at home. With secure and safe pavement cable covers, employees can plug in their cars overnight without relying on public chargers. This is good news for drivers living in flats, terraces, or urban areas.

The UK’s public charging network is also growing fast. There are now over 82,000 public chargers, with more added every day. That means your team will have more options to stay charged on the go, whether they’re on a long business trip or working in the field.

This grant also fits into a bigger plan. The government’s Zero Emission Vehicle Mandate means carmakers will need to sell more electric cars each year. More models will enter the market, with better prices, longer ranges, and stronger tech. Businesses that act now can get ahead of coming changes and avoid being caught out by future rules or fuel bans.

At Toomey Leasing Group, we’re helping businesses understand how to benefit from the new electric car grant. We offer flexible lease deals on a wide range of EVs, including many that are likely to qualify for the grant. Our team will guide you through model choices, tax benefits, whole-life cost comparisons, and charging options. Whether you run a small business or a national fleet, we’ll help you build a transport plan that fits your goals and budget.

Switching to an electric vehicle no longer has to be expensive or complicated. With support from the EV grant, lower running costs, growing infrastructure, and added manufacturer discounts, the case for electric has never been stronger. The transport future is electric, and now is the perfect time to make the switch.

To learn more about how your business can benefit from the electric vehicle grant through leasing, contact Toomey Leasing Group today.