The one and only company who supplied electric vehicles throughout the Isle of Man has stopped trading. The company say that the existence of the company is neither sustainable nor justified.
For the last two years e-Go Vehicles Ltd have been bringing new vehicle technology to the island, during which time they received an enthusiastic welcome from both residents and businesses who shared their vision of electric vehicles. The company made the tough decision to close after lengthy talks following a devastating announcement by the Minister for Environment John Shimmin three months ago.
Mr Shimmin announced that Isle of Man residents will not be eligible for new electric vehicle subsidy, despite the fact that this offer is available to everyone in the United Kingdom and the Republic of Ireland. Currently motorists can claim £5,000 for each electric vehicle in the UK and €5,000 per electric vehicle in Ireland. This is to encourage drivers to adopt either a zero or low emission vehicle before getting a direct car insurance quote.
A statement released by e-Go said: “The Isle of Man has not followed the leadership of other nations in supporting the transition to low-energy, low-emission vehicles meaning that subsidised foreign imports undermine the potential for local retailers to develop a market supplying cleaner and greener vehicles on the Island. The directors have therefore reluctantly taken the decision that the further existence of the company is not justified or sustainable following the definitive announcement by the Isle of Man Government.”
The company will close solvent with no creditors involved and are grateful to the partners who supported them over the last two years. They hope that the Isle of Man Government will in the future be able to offer residents more support in buying a new Electric Vehicle. As it stands it will be cheaper to buy the vehicle from the UK or Ireland and drive it onto the ferry from the mainland.