British Car Market Sees Unprecedented Shift as Chinese Brand Introduces Affordable Electric Option

New Cheapest Electric Car in Britain? Chinese Brand Cuts Price to £14,500, But May Not Qualify for Government’s EV Grant

In a shocking move that has sent the automotive industry into a frenzy, Leapmotor, a Chinese brand, has cut the price of its T03 city car by £1,500 to an astonishingly affordable £14,495. This bold move has seen the company take the crown as Britain’s cheapest electric vehicle on the market.

The new price for the T03 means that buyers can now get behind the wheel of this impressive little number for less than £15,000. But, in a stunning twist, reports suggest that Leapmotor and other Chinese brands may not be eligible for the government’s newly announced Electric Car Grant (ECG).

According to sources, manufacturers must meet specific sustainability criteria based on their Science-Based Target (SBT) to qualify for the grant. This means that only green companies will receive the full £3,750 subsidy, while those deemed less eco-friendly will receive a reduced discount of £1,500.

It seems that Leapmotor’s models will not be eligible for this grant due to concerns over their carbon impact during production. The Dacia Spring, previously the cheapest electric car on the market, now sits in second place with its price tag of £14,995.

For the time being, British consumers have a unique opportunity to take advantage of Leapmotor’s self-funded EV grant, which is available for orders placed between July 18th and September 30th.

Source: www.dailymail.co.uk