British government cuts cost of electric trucks by up to £120,000

The British government has today announced discounts of up to £120,000 on new electric trucks, as part of an additional £18 million to increase the plug-in truck grant until March 2026.

The move is part of a £318 million plan for green freight, which is backing British businesses by slashing upfront costs on new trucks and helping businesses to access the lower running costs.

Similar to the British government’s £3,750 electric car grant, the plug-in-truck grant enables lorry operators to access savings of up to £120,000 when buying a new electric truck.

New grant levels mean smaller trucks (4.25t to 12t) could save up to £20,000, mid-sized trucks (12t to 18t) up to £60,000, larger trucks (18t to 26t) up to £80,000, and the largest lorries (26t and over) up to £120,000.

Backed by this fund, companies like Amazon and Marks & Spencer have already rolled out more electric delivery trucks on UK roads.

Day-to-day running costs can already be lower for electric trucks compared to their diesel counterparts, but upfront vehicle costs are typically higher.

The British government hopes the increase to the plug-in truck grant will help businesses access those daily savings, cutting costs for businesses as well as emissions.