Types of EV Charger Grants and Schemes Available
Considering moving to an electric vehicle? Although you may be eager to help the environment and already aware of their strong environmental credentials, the fact that they can be more expensive to purchase than conventional petrol or diesel vehicles may put you off.
The good news is that electric car incentives are available in the UK to defray the cost of electric cars and encourage drivers to switch. This Manta Power resource is here to help you learn more about the incentives available to purchasers of electric vehicles so you may drive off in a vehicle with extremely low or no emissions without breaking the bank.
The government offers many monetary incentives to offset the expense of charging electric vehicles. Despite the fact that the procedure may appear difficult, they are all straightforward to obtain and are all readily available. The Electrical Vehicle Homecharge Scheme (EVHS) and the Workplace Charging Scheme are the two main categories of assistance (WCS). The WCS is targeted for commercial companies, whereas the EVHS is for individuals.
Be aware that the Electric Vehicle Homecharge Scheme (EVHS) is no longer open to new applicants, but that doesn’t mean your home can’t still benefit from an EV grant. It has been replaced by the EV Chargepoint Grant.
These subsidies are a fantastic incentive that make EVs even more alluring for potential purchasers, especially for businesses searching for eco-friendly, green company cars. They are simple, useful, and incredibly financially advantageous.
What is the Workplace Charging Scheme?
Similar to the EVHS, the Workplace Charging Scheme (WCS) is a grant that a company may use to offset up to £14,000 of the cost of installing electric car chargers at a location for usage by employees or fleet vehicles. Businesses, organisations, and public bodies can claim up to £350 per chargepoint socket, up to a maximum of 40 sockets.
The Workplace Charging Scheme gives a similar subsidy if you own a business and wish to provide chargers for your workers. The voucher-based programme covers seventy-five percent of the cost of purchasing and installation charges, up to a maximum of forty sockets at £350 apiece.
To be eligible for the WCS, you must have adequate off-street parking and chargepoints installed by an OLEV-approved installation. While having EVs in your fleet is not currently mandatory, you must show that there is a present or future necessity for the company. Additionally, you are not permitted to make a claim for any previously placed chargepoints.
EV Chargepoint Grant or OLEV
You've purchased an electric car so the next hurdle is charging it. Although there are 29,232 public charging stations and counting, many owners of electric vehicles value the convenience of being able to charge their vehicles at home. The EV chargepoint grant might be useful in this situation. This scheme replaced the Electric Vehicle Homecharge Scheme (EVHS) on 1 April 2022 and is open to:
- homeowners who live in flats
- people in rental accommodation (flats and single-use properties)
This Government scheme provides funding of up to 75% towards the cost of installing electric vehicle smart chargepoints at domestic properties across the UK with a grant cap set at £350 (including VAT) per installation.
Don’t fret, this EV chargepoint grant is highly similar to the Electric Vehicle Homecharge Scheme (EVHS) that was previously in place - the main alterations are:
- the customer must live in rental accommodation or own a flat
- the installer must confirm ownership of the property. If rented, confirm the name and address of person or entity letting the property as it appears on the rental agreement
- customers will no longer be able to claim for 2 chargepoints if they own a second electric vehicle
When it comes to grant eligibility there are some key points to consider. There are several customer, property, vehicle and installation requirements which can all be found on the Government website that are worth looking over to decide if this grant is suitable and available to you.
All in all, if you’re thinking of making the move from diesel to EV, go for it! The budget may seem daunting but there’s help on hand to suit your needs be it domestic or commercial.
Drop us a message and we can help show you the right direction!