Question reference: S5W-35473
- Asked by: Graham Simpson, MSP for Central Scotland, Scottish Conservative and Unionist Party
- Date lodged: 24 February 2021
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Current status: Answered by Michael Matheson on 11 March 2021
Question
To ask the Scottish Government how (a) much funding has been provided through, (b) many applications have been made to and (c) many applicants have been granted funding since 2017 from the Low Carbon Transport Loan scheme.
Answer
Since 2016 Transport Scotland has provided funding to our delivery partner Energy Savings Trust to deliver the Low Carbon Transport Loan (LCTL) scheme, which provides an interest free electric vehicle loan with a repayment term of up to 6 years. From the 28 September 2020 the LCTL was extended to cover the purchase of used electric vehicles with a repayment term of up to 5 years.
A. Since the start of 2017 until the 07 March 2021 £102,847,696.90 of loans has been provided to customers for the purchase of electric vehicles.
B. The Energy Savings Trust have received 5128 applications since the start of 2017 until the 07 March 2021.
C. Since the start of 2017 until the 07 March 3998 applicants secured a loan for the purchase of electric vehicles.
The LCTL closed on 07 March 2021 to new applicants. The Energy Saving Trust, who administer the LCTL on behalf of Ministers, is funded annually by Transport Scotland and subject to new funding the loan is likely to reopen in April 2021.