Switched on taxis loan

If you’re considering an electric taxi or hackney cab for your business and you operate in Scotland, you might be eligible for an interest-free loan, repayable over six years. The switched on taxis loan is funded by Transport Scotland and can help you purchase new and used electric vehicles.  

The loan covers different vehicles depending on whether you operate hackney cabs or private hire vehicles. The maximum loan amount you can borrow is £75,000. 

Simply register and apply through our online application. 

Apply now

Make sure you read the loan eligibility criteria for more information. 

Some things you’ll need at the time of applying:  

• Your V5 registration certificate – we’ll need all pages of your certificate. 

• A bank statement from within the last three months. 

• If you’re applying as a sole trader or partnership, your most recent tax documents (SA103/SA100, SA800). 

• Your confirmation that you will not purchase the vehicle(s) before receiving a loan offer. If you do, we won’t be able to accept your application. 

Any document uploaded in support of an application which isn’t required for assessing the application, will be deleted from the system.

Applying as for a new vehicle? 

You’ll also need a quote(s) for the vehicle(s) you plan to purchase with the loan. 

Applying for a used electric vehicle?   

Whichever used vehicle you choose to purchase with the loan, it must be purchased from an acceptable dealership.

The dealership must be either:    

Here is a quick outline of your application journey: 

• You submit your application 

• We aim to provide you with a response within 10 working days. This could be a request for further information, which can delay your next steps 

• You have a loan offer and accept this within 14 days 

• You submit all claim documents. Any missing information will be queried, which can delay you receiving payment 

• We aim to process your claim documents, within 15 working days 

• You’ll receive your funding within 3-5 working days