Peugeot has joined a growing number of car manufacturers slashing the price of some of their fully-electric models, to ensure they remain eligible for the Government’s revised Plug-in Car Grant (PiCG).
To qualify for the new £2,500 grant, electric vehicles must have a list price below £35,000. Previously, the grant was £3,000 on any vehicle with a list price below £50,000.
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To meet the new threshold, the company has reduced the cost of the models within the e-2008 range by £450, which means that Active Premium, Allure and Allure Premium models remain eligible for the new £2,500 grant.
This extra contribution combines with the £2,500 PiCG to mean that the total reduction of cost on an EV is £3,000, matching the Government’s previous subsidy.
The e-2008 Active Premium is priced from £30,730 after the subsidy and new price reduction, while Allure and Allure Premium versions of the e-2008 retain are priced from £31,930 and £32,280 respectively.
However, while the new £450 price reduction applies to all versions of the e-2008, not every model qualifies for the more stringent grant. GT and GT Premium models are no longer eligible, and are priced from £37,180 and £39,180.
Other manufacturers who have reacted to changes in the qualifying criteria for the PiGC include Citroen, Kia and Vauxhall.
Citroen has knocked £550 off the top Shine Plus trim of its new e-C4 family hatchback, which it expects to be the top seller, while Kia has reduced the price of its e-Niro with the long-range 64kW battery in ‘2’ trim.
Vauxhall has also slashed the cost of its new Mokka-e Launch Edition by more than £2,000 to ensure it is eligible for the PiCG.
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